Himax Technologies, Inc. (NASDAQ:HIMX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2%.
Himax Technologies, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 28.57% to $0.09 in the quarter versus EPS of $0.07 in the year-earlier quarter.
Revenue: Rose 5.41% to $175.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Himax Technologies, Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company beat the mean analyst estimate of $0.07. It beat the average revenue estimate of $173.79 million.
Quoting Management: “We had an extremely successful first quarter, with revenues, gross margin and net income all exceeding the initial guidance we provided on February 7, 2013,” stated Mr. Jordan Wu, President and Chief Executive Officer of Himax. “We are pleased with the top and bottom line performance of the first quarter of 2013. Even during this low season, we achieved improvements in both margins and profitability. We will continue to execute our strategy by further diversifying our product mix and expanding our customer base. We are excited about future growth opportunities.”
Key Stats (on next page)…
Revenue decreased 7.84% from $190.64 million in the previous quarter. EPS increased 12.5% from $0.08 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.09 to a profit $0.10. For the current year, the average estimate has moved up from a profit of $0.35 to a profit of $0.40 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)