Himax Technologies Q2 Profit Rises - Quick Facts

(RTTNews) - Himax Technologies Inc. (HIMX) reported that GAAP net income for the second quarter of 2013 was $19.4 million or 11.2 cents per ADS, compared to $15.1 million, or 8.9 cents per ADS, in the corresponding quarter a year ago.

Non-GAAP net income in the second quarter was $20.1 million, or 11.7 cents per ADS, up from $15.9 million, or 9.3 cents per ADS, for the same period last year.

Total revenues for the second quarter of 2013 increased 9.2% year-over-year to $207.0 million.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.12 per share and revenues of $208.60 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter of 2013, the company expects net revenues to decline by 5% to 12%, as compared to the second quarter of 2013. The company anticipates GAAP earnings per share of 6.5 to 8.0 cents per ADS, up 6.6% to 31.1% as compared to 6.1 cents of third-quarter of 2012. Non GAAP earnings per share to be in the range of 10.2 to 11.7 cents per ADS, up 5.2% to 20.6% as compared to 9.7 cents of third-quarter of 2012. Analysts expect the company to report earnings of $0.10 per share and revenues of $223.84 million for the third-quarter.