Himax Technologies, Inc. Reports Third Quarter 2024 Financial Results; Provides Fourth Quarter 2024 Guidance [Yahoo! Finance]
Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares. (HIMX)
Last himax technologies, inc. - american depositary shares, each of which represents two ordinary shares. earnings: 2/13 05:30 am
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Source: Yahoo! Finance
to be flat to slightly down QoQ, Gross Margin is Expected to be flat to slightly up QoQ, Profit per diluted ADS to be 9.3 Cents to 11.0 Cents Q3 2024 revenues were $222.4M, a decrease of 7.2% QoQ, yet significantly exceeded the guidance range of a 12.0% to 17.0% decrease QoQ. The better-than-expected financial results stemmed primarily from stronger order momentum in automotive, tablet and Tcon product lines. Q3 GM reached 30.0%, in line with guidance of around 30%, but down from 32.0% in Q2, mainly a result of unfavorable product mix Q3 2024 after-tax profit was $13.0M, or 7.4 cents per diluted ADS, considerably above the guidance range of 1.5 cents to 4.5 cents Himax Q4 2024 revenues to be flat to slightly down QoQ. GM to be flat to slightly up QoQ. Profit per diluted ADS to be in the range of 9.3 cents to 11.0 cents Looking ahead, Himax is confident in the outlook for key areas, namely automotive, AI, WLO, and OLED, expecting these product lines to drive significant busines
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