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0 0.000733624454148468 -0.000873362445414828 -0.00164192139737996 -0.0026375545851529 -0.00616593886462888 -0.00873362445414844 -0.00873362445414844
Stock impact report

Himax Tech CEO Calls Q1 Low Point, Foresees Sales Surge in Automotive Sector [Yahoo! Finance]

Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares. (HIMX) 
Last himax technologies, inc. - american depositary shares, each of which represents two ordinary shares. earnings: 2/13 05:30 am Check Earnings Report
US:NASDAQ Investor Relations: himax.com.tw/investors
Company Research Source: Yahoo! Finance
Net revenues decreased 8.8% Q/Q Earnings per ADS was $0.07, beating the analyst consensus estimate of $0.05 The gross margin reached 29.3%, outperforming the guidance of around 28.5%. Revenue from large display drivers was $31.3 million, a decrease of 7% Q/Q due to seasonally soft macroeconomic conditions compounded by ongoing production and inventory control measures by the company's leading panel customers. Small and medium-sized display driver revenue was $144.3 million, a decrease of 11.5% Q/Q. Revenue for non-driver business was $32.0 million, up 3.4% Q/Q, attributable to a resurgence in orders for large-sized display Tcon products. Operating expenses for the quarter declined 0.6% Y/Y to $50.7 million. The operating income was $10.0 million compared to $17.6 million a year ago, and the margin declined by 240 bps to 4.8%, primarily driven by lower sales. As of March 31, 2024, the company's inventories were $201.9 million, markedly lower than $217.3 million last qua Show less Read more
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