Himax Technologies, Inc. (HIMX) reported third quarter non-IFRS profit of $12.6 million, or 7.3 cents per ADS, compared to a non-IFRS loss of $6.9 million, or 4.0 cents per ADS, last year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.03, for the quarter. Analysts' estimates typically exclude special items.

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Himax Technologies, Inc. (HIMX) reported third quarter non-IFRS profit of $12.6 million, or 7.3 cents per ADS, compared to a non-IFRS loss of $6.9 million, or 4.0 cents per ADS, last year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.03, for the quarter. Analysts' estimates typically exclude special items.

RTTNews | Nov 12, 2020 05:50AM EST

05:50 Thursday, November 12, 2020 (RTTNews.com) - Himax Technologies, Inc. (HIMX) reported third quarter non-IFRS profit of $12.6 million, or 7.3 cents per ADS, compared to a non-IFRS loss of $6.9 million, or 4.0 cents per ADS, last year. On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.03, for the quarter. Analysts' estimates typically exclude special items.

Third quarter net revenue was $239.9 million, an increase of 46.1% from last year. Analysts expected revenue of $215.22 million, for the quarter.

For the fourth quarter, the company projects: non-IFRS profit to be around 15.1 cents to 16.1 cents per ADS; and net revenue to increase by around 10% sequentially.

Read the original article on RTTNews ( https://www.rttnews.com/3145485/himax-reports-non-ifrs-profit-in-q3-issues-q4-guidance-quick-facts.aspx)

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