Himax Technologies Q3 Profit Dips On Lower Revenue

(RTTNews) - Himax Technologies, Inc. (HIMX), a supplier and fabless semiconductor manufacturer Thursday reported lower profit in the third quarter impacted by decline in revenue.

Profit in the third quarter fell to $8.32 million or $0.048 per ADS from $118.72 million or $0.680 per ADS in the same quarter a year ago.

Excluding one-time items, earnings were $29.8 million or $0.17 per ADS

Quarterly revenue declined to $213.63 million from $420.94 million last year.

Looking forward, the company expects adjusted earnings per ADS for the fourth quarter to be in the range of $0.21-$0.24. Revenues in the quarter is expected to increase in the range of 4% to 8% quarter on quarter.