Himax: 3Q Earnings Snapshot

Himax: 3Q Earnings Snapshot

Associated Press
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TAIWAN, Taiwan (AP) _ Himax Technologies Inc. (HIMX) on Thursday reported third-quarter net income of $889,000.

The Taiwan, Taiwan-based company said it had net income of 1 cent per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The fabless semiconductor company posted revenue of $188.4 million in the period.

For the current quarter ending in December, Himax expects its per-share earnings to range from 2 cents to 4 cents.

Himax shares have declined 48 percent since the beginning of the year. The stock has decreased 49 percent in the last 12 months.

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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

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