Himax Technologies Expects Q3 Net Revenue Decline Of 12%-17% QoQ Vs $235.2M Est, EPADS Of $0.015-$0.045 Vs $0.09 Est
Portfolio Pulse from Benzinga Newsdesk
Himax Technologies expects a significant decline in Q3 net revenue by 12%-17% QoQ, with estimated net revenue of $235.2M. The company also projects EPADS of $0.015-$0.045, below the $0.09 estimate. Gross margin is expected to be around 30%, depending on the final product mix.
August 08, 2024 | 10:17 am
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Himax Technologies expects a 12%-17% QoQ decline in Q3 net revenue, with EPADS significantly below estimates. Gross margin is projected to be around 30%.
The significant decline in expected net revenue and EPADS below estimates are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100