Himax Technologies Q1 Revenues Rise - Quick Facts

(RTTNews) - Himax Technologies Inc. (HIMX), a supplier and fabless manufacturer of display drivers and other semiconductor products, preannounced its first quarter 2014 revenues and gross profit margin.

The company reported its first-quarter of 2014 revenue of $194.6 million, an increase of 10.8% year over year versus Company guidance of "Flat to slight down sequentially and up about11% from the first-quarter of 2013. Analysts polled by Thomson Reuters expected the company to report revenues of $193.58 million for the first-quarter. Analysts' estimates typically exclude special items.

Gross Margin for the first-quarter of 2014 was 24.7% versus Company guidance of "Down slightly from the fourth-quarter of 2013".

Despite foreseen inventory buildup for a Korean customer, the company remains confident in its product and technology development across each of its businesses: large panel display drivers, small and medium sized displays, and its non-driver businesses, including LCoS, CMOS image sensors, and new technologies in WLO and array lenses.

The company will provide its entire financial report in early May, and also host a conference call with investors.