Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance
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Himax Technologies, Inc. reported its Q3 2024 financial results, surpassing revenue and EPS guidance, with gross margin in line with expectations. The company provided Q4 2024 guidance, expecting flat to slightly down revenues, flat to slightly up gross margin, and profit per diluted ADS between 9.3 to 11.0 cents.
November 07, 2024 | 11:00 am
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Himax Technologies exceeded its Q3 2024 revenue and EPS guidance, with gross margin meeting expectations. For Q4 2024, the company anticipates flat to slightly down revenues and flat to slightly up gross margin, with profit per diluted ADS between 9.3 to 11.0 cents.
Himax Technologies' Q3 2024 results exceeded expectations, which is likely to positively impact the stock price in the short term. The Q4 guidance suggests stability, with potential slight declines in revenue but stable to improving margins, which may reassure investors.
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