Himax Pre-announces Q4 Results - Quick Facts

(RTTNews) - Himax Technologies, Inc. (HIMX), a supplier and fabless manufacturer of display drivers and other semiconductor products, Wednesday said fourth-quarter reported earnings per share are expected in the range of 8.7 - 9.2 cents per ADS in comparison with the company's guided range of 7.5 to 9.2 cents. On average, seven analysts polled by Thomson Reuters expect earnings of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

The new guidance has taken into account some $3.3 million in additional income tax charges caused by further New Taiwanese dollar depreciation against the US dollar.

Net revenues of $227.2 million grew 2.2 percent quarter over quarter compared to the guidance of flat to slightly up. Analysts expect revenues of $224.42 million.

Gross margin was up 24.7 percent, up 0.2 percent from the previous quarter, versus guidance of down within 1 percent. Himax said it chose to pre-announce its fourth quarter results to address recent market confusion caused by negative rumors that Himax might miss its guidance for the quarter. "We would like to reiterate that, as a principle, the Company only pre-announces financial results when it misses or substantially beats its guidance," the firm noted. On top of solid core businesses, Himax said it is experiencing strong momentum in its LCOS and WLO operations.