Himax Technologies Q3 EPS $0.06 Beats $0.04 Estimate, Sales $238.50M Beat $229.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies reported Q3 earnings of $0.06 per share, beating the analyst consensus estimate of $0.04 by 60%. The company also reported quarterly sales of $238.50 million, surpassing the analyst consensus estimate of $229.38 million by 3.98%. However, this represents a 62.35% decrease in earnings from the same period last year.
November 09, 2023 | 10:24 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Himax Technologies reported better than expected Q3 earnings and sales. However, the earnings represent a significant decrease from the same period last year.
While Himax Technologies beat Q3 estimates, the significant decrease in earnings from the same period last year could potentially offset the positive impact of the beat. This could lead to a neutral short term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100