Himax Technologies Q2 Net Income Decreases - Quick Facts

(RTTNews) - Himax Technologies, Inc. (HIMX) reported second quarter net income to shareholders of $8.8 million or $0.05 per ADS, compared to $24.1 million or $0.14 per ADS, prior year. The company said the year-over-year decline was due to lower sales and gross margin, higher operating expenses, and a one-time investment gain of $8.5 million or 5.0 cents in the second quarter last year. Net income attributable to stockholders excluding share-based compensation and acquisition-related charges was $9.3 million or $0.05 per ADS, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.05 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $169.19 million compared to $196.40 million last year. Analysts expected revenue of $172.57 million for the quarter.

"We are pleased to report that our 2015 second quarter revenue, gross margin, GAAP and non-GAAP earnings per ADS all met at the high end or exceeded our guidance for the quarter," said, Jordan Wu, President and CEO. Looking forward, Himax said the company remains positive on its long term business outlook.