Himax Technologies Expects First Quarter Net Revenue Decline of 9%-16% QoQ Vs $208M Est, EPADS of $0.02-$0.05 Vs $0.08 Est
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies projects a decline in its first quarter net revenue by 9%-16% sequentially, with expected earnings per ADS ranging from $0.02 to $0.05, below the estimated $0.08. The gross margin is anticipated to be around 28.5%, influenced by the final product mix.
February 06, 2024 | 10:49 am
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Himax Technologies expects a significant decline in Q1 net revenue and lower earnings per ADS than estimated, with a gross margin of around 28.5%.
The projected decline in net revenue and lower-than-expected earnings per ADS indicate potential negative pressure on HIMX's stock price in the short term. The specific figures provided, including the gross margin estimate, suggest a detailed and potentially impactful outlook for investors.
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