Himax Technologies Expects Q2 Revenue Growth of 8%-13% QoQ Vs $219.75M Est, EPS of $0.13-$0.17 Vs $0.09 Est
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies projects an 8%-13% sequential increase in Q2 revenue compared to estimates of $219.75M, with EPS forecasted between $0.13-$0.17, surpassing the $0.09 estimate. Gross margin is expected to be between 31.5% to 33.5%, influenced by the final product mix.
May 09, 2024 | 9:29 am
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Himax Technologies anticipates a significant Q2 revenue growth of 8%-13% over estimates, with an EPS of $0.13-$0.17, exceeding the expected $0.09. Gross margins are also expected to be strong, ranging from 31.5% to 33.5%.
The projected increase in revenue and EPS significantly above estimates suggests a positive outlook for Himax Technologies. The higher-than-expected earnings per share (EPS) indicate operational efficiency and potentially higher profitability, which are key drivers for stock price appreciation in the short term. The expected gross margin range further supports the company's profitability outlook, making this news highly relevant and important for investors.
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