Himax Technologies Shares Rise After Q1 Earnings, Revenue Increase

MT Newswires Live

05/08

Himax Technologies (HIMX) shares were up 1.5% in recent Thursday trading after the company reported higher Q1 results.

The company earlier reported Q1 earnings of $0.11 per diluted American depositary share, up from $0.07 a year earlier.

An analyst polled by FactSet expected $0.10.

Revenue for the quarter ended March 31 was $215.1 million, compared with $207.6 million a year earlier.

An analyst polled by FactSet expected $212.3 million.

The company said it expects Q2 earnings of $0.085 to $0.115 per ADS and revenue to range between a 5% decline and a 3% increase quarter over quarter. One analyst polled by FactSet expects $0.09 per ADS on revenue of $207.8 million.

Himax also set an annual cash dividend of $0.37 per ADS, payable on July 11 to shareholders of record on June 30.

Price: 7.59, Change: +0.12, Percent Change: +1.54

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