Himax Q3 Earnings: Revenue Beats Forecast, CEO Highlights Growth in Automotive, AI, OLED Sectors, Sets Cautious Q4 Guidance

Quick Summary:

Revenue from large display drivers was $30.7 million, a decrease of 21.2% Q/Q due to weaker monitor and TV IC sales due to customers’ de-stocking amid challenging market conditions following substantial second-quarter replenishment for shopping festivals. 

Small and medium-sized display driver revenue was $155.4 ...

Himax Technologies, Inc (NASDAQ:HIMX) reported a fiscal third-quarter revenue decline of 6.8% year-on-year to $222.41 million, beating the analyst consensus estimate of $204.87 million. Net revenues decreased 7.2% Q/Q.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesJordanTaiwan

Topics: Briefs Stories That Matter News Tech Top Stories HIMX Benzinga Guidance US43289P1066 Earnings Movers

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 13:52:27 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Benzinga

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