Himax Q1 Profit Declines; Remains Positive On Its Business Outlook - Quick Facts

(RTTNews) - Himax Technologies, Inc. (HIMX), a Taiwanese supplier of semiconductor products, Thursday reported that its first-quarter net income attributable to shareholdes decreased 20 percent to $12.6 million from the prior year's $15.7 million. Earnings per ADS fell to 7.3 cents from 9.1 cents a year ago.

Adjusted attributable net income decreased 19.3 percent to $13.1 million or 7.6 cents per ADS.

On average, seven analysts polled by Thomson-Reuters estimated the company's earnings to be 7 cents for the quarter. Analysts' estimates typically exclude one-time items.

Net revenue decreased 8.0 percent to $179.0 million from last year's $194.6 million. Analysts expected revenues of $182.90 million.

Gross margin for the quarter reached 25.7 percent, an increase of 1.0 percent year-over-year.

Looking ahead, the company said it remains positive on its business outlook for the second half of 2015.