U.S. Markets closed

Himax: 1Q Earnings Snapshot

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