Himax Technologies: Q3 Earnings Insights

Shares of Himax Technologies HIMX moved higher by 12.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 275.00% year over year to $0.07, which beat the estimate of $0.03.

Revenue of $239,934,000 rose by 46.07% from the same period last year, which beat the estimate of $215,220,000.

Looking Ahead

Q4 EPS expected between $0.15 and $0.16.

Q4 revenue expected to be between $263,927,400 and $263,927,400.

How To Listen To The Conference Call

Date: Nov 12, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/x93vx34d

Technicals

Company's 52-week high was at $5.10

Company's 52-week low was at $1.73

Price action over last quarter: Up 14.14%

Company Profile

Himax Technologies Inc is a fabless semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, car navigation, virtual reality (VR) devices and many other consumer electronics devices. It also design and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, scaler products for monitors and projectors. Majority of the firm's revenue gets derived from Driver Integrated Circuit segment.