Himax Technologies Clocks 24.8% Q2 Revenue Decline, Massive Earnings Drop
Portfolio Pulse from Anusuya Lahiri
Himax Technologies, Inc (NASDAQ:HIMX) reported a Q2 FY23 revenue decline of 24.8% YoY to $235.03 million, slightly missing the consensus of $235.6 million. Earnings per ADS of $0.005 beat the consensus. Revenue from large display drivers declined by 14.3% Q/Q. Small and medium-sized display drivers' revenue was $150.3 million, down by 2.9% Q/Q. The company sees Q3 revenue to be flat to decline 7.0% Q/Q. HIMX shares traded lower by 1.53% premarket.
August 10, 2023 | 1:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Himax Technologies reported a Q2 FY23 revenue decline of 24.8% YoY, slightly missing the consensus. Despite this, earnings per ADS beat the consensus. The company expects Q3 revenue to be flat to decline 7.0% Q/Q. HIMX shares traded lower by 1.53% premarket.
Himax Technologies reported a decline in Q2 FY23 revenue, which slightly missed the consensus. This, along with the expectation of a flat to declining Q3 revenue, likely contributed to the premarket drop in HIMX shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100