Himax Technologies Q1 2024 GAAP EPS $0.07 Beats $0.05 Estimate, Sales $207.550M Beat $203.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies (NASDAQ:HIMX) reported Q1 2024 earnings of $0.07 per share, surpassing the $0.05 estimate, with sales of $207.550M also beating the $203.400M estimate. However, this represents a 15.01% decrease in sales compared to the same period last year.
May 09, 2024 | 9:24 am
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Himax Technologies reported higher than expected Q1 2024 earnings and sales, with EPS at $0.07 and sales at $207.550M, beating estimates but noting a year-over-year sales decrease.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the noted year-over-year decrease in sales might temper investor enthusiasm, suggesting a cautious optimism in the stock's short-term trajectory.
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