TAIWAN, Taiwan (AP) _ Himax Technologies Inc. (HIMX) on Thursday reported a first-quarter loss of $2.8 million, after reporting a profit in the same period a year earlier.
The Taiwan, Taiwan-based company said it had a loss of 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The fabless semiconductor company posted revenue of $162.9 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $157.9 million.
Himax shares have declined 33 percent since the beginning of the year. The stock has increased 3.5 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIMX at https://www.zacks.com/ap/HIMX