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Himax Technologies +10% pre-market, realizes 124% net income growth

Aug. 11, 2016 9:05 AM ETHimax Technologies, Inc. (HIMX) StockBy: Eric McCaffrey, SA News Editor6 Comments
  • Himax Technologies (NASDAQ:HIMX) posted results above consensus and revenue ($201.1M, +18.9% Y/Y/+11.5% Q/Q) and gross margin in line with the company's own guidance. EPS ($0.12) came in above company guidance.
  • Small and medium-sized panel driver sales grew 14% Q/Q and large-sized panel driver sales grew 2.8% Q/Q attributed to increased 4K TV penetration. Non-driver sales grew 22.1% attributed to the company's AR/VR segment.
  • Net income of $19.8M, a 51.2% sequential increase and 124% increase over the year-ago period.
  • Projects Q3 revenue to increase 5%-10% sequentially, gross margin to remain unchanged to slightly down and EPS of $0.10-$0.12.
  • Conference call
  • Press release

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