Himax Tech. Q1 Profit Rises - Quick Facts

(RTTNews) - Himax Technologies, Inc. (HIMX), a supplier and manufacturer of display drivers and other semiconductor products, Thursday reported first-quarter net income attributable to shareholders of $15.7 million or $0.091 per ADS versus $14.0 million or $0.082 per ADS last year. Excluding share-based compensation expenses, net of tax and non-cash acquisition related charges, the company's net earnings amounted to $16.2 million or $0.094 per ADS. On average, 5 analysts polled by Thomson Reuters expected earnings per share of $0.09 for the quarter. Analysts'estimates typically exclude one-time items. Net revenues for the quarter rose 10.8 percent to $194.6 million from $175.7 million in the prior-year quarter driven by significant growth in small and medium-sized panel driver sales and non-driver sales. Analysts estimated revenues of $194.20 million for the quarter.

For the second quarter, the firm forecast earnings per ADS in the range of 13.0 cents - 15.0 cents while, on an adjusted basis, it is expected to range between 13.2 cents - 15.2 cents. Revenues are estimated to be flat compared to the current quarter. Analyst project second-quarter earnings of $0.13 per share on revenues of $223.23 million.