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Himax: 3Q Earnings Snapshot

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.


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