Himax Technologies Expects Q3 Revenue To Be Flat to Decline 7.0% QoQ Vs $261.27M Est, EPADS of $0.015-$0.06 Vs $0.04 Est
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies has projected its Q3 revenue to be flat or decline by up to 7.0% quarter-on-quarter, which is lower than the estimated $261.27 million. The company also expects its earnings per American depositary share (EPADS) to be between $0.015 and $0.06, compared to the estimated $0.04.
August 10, 2023 | 9:07 am
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NEGATIVE IMPACT
Himax Technologies' lower-than-expected Q3 revenue and EPADS projections could negatively impact its stock price in the short term.
Himax Technologies' Q3 revenue and EPADS projections are lower than market estimates, which could lead to a negative market reaction and a potential decline in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100