Himax Technologies, Inc. Reports Second Quarter 2020 Financial Results; Provides Third Quarter 2020 Guidance
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Himax Technologies (HIMX) PT Raised to $6 at Baird
August 6, 2020 2:10 PM EDTBaird analyst Tristan Gerra raised the price target on Himax Technologies (NASDAQ: HIMX) to $6.00 (from $5.00) while maintaining a Outperform rating.
The analyst commented, "Himax is currently benefiting from work-at-home trends spurring demand for displays, the ongoing ramp of TDDI notably in tablets and... More
Himax Technologies (HIMX) Tops Q2 EPS by 2c, Revenues Beat; Offers 3Q EPS Guidance Above Consensus
August 6, 2020 5:58 AM EDTHimax Technologies (NASDAQ: HIMX) reported Q2 EPS of $0.01, $0.02 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $187 million versus the consensus estimate of $179 million.
Our reported second quarter results exceeded guidance for revenues, gross margin and EPS, consistent with our preliminary results reported on July 6, 2020. During the quarter, higher demand of large display drivers for monitors and greater-than-expected shipment volume for both smartphone and tablet contributed to the better-than-guided sales. said Mr. Jordan Wu, President and Chief Executive Officer of Himax.
While Covid-19 does not look to be going... More
