Brief: Himax Technologies Inc Reports Q1 2023 Financial Results Provides Q2 Guidance

Himax Technologies

11/05/2023 13:11

May 11 (Reuters) - Himax Technologies Inc  HIMX.O :
    * HIMAX TECHNOLOGIES, INC. REPORTS FIRST QUARTER 2023
FINANCIAL
RESULTS; PROVIDES SECOND QUARTER 2023 GUIDANCE
    * HIMAX TECHNOLOGIES INC- Q2 AUTOMOTIVE SALES ARE BEING
ADVERSELY
IMPACTED BY RECENT PRICE TURBULENCE IN CHINESE EV MARKET.
    * HIMAX TECHNOLOGIES INC - QTRLY DILUTED EARNINGS PER ADS
$0.085
    * HIMAX TECHNOLOGIES - QTRLY REVENUES WERE $244.2 MILLION, A
DECREASE OF 6.9% QOQ
    * HIMAX TECHNOLOGIES INC - COMPANY Q2 2023 GUIDANCE:
REVENUES TO
FLAT TO DOWN 9.0% QOQ
    * HIMAX TECHNOLOGIES INC- VIEWS CURRENT SETBACK OF
AUTOMOTIVE
SALES AS TEMPORARY, SHORT-TERM PHENOMENON AND  OUTLOOK FOR
AUTOMOTIVE BUSINESS IS POSITIVE
    * HIMAX TECHNOLOGIES INC - HAS STRATEGICALLY TERMINATED
CERTAIN
HIGH-COST FOUNDRY CAPACITY AGREEMENTS RECENTLY PRIOR TO THEIR
EXPIRATION DATES
    * HIMAX TECHNOLOGIES INC - SEES Q2 IFRS PROFIT PER BASIC ADS
TO BE
AROUND -2.9 CENTS TO 0.6 CENTS
    * HIMAX TECHNOLOGIES INC - SEES Q2 NON-IFRS PROFIT PER
DILUTED ADS
TO BE AROUND 0.1 CENTS TO 3.6 CENTS

Source text for Eikon:  ID:nGNXbW9jWn 
Further company coverage:  HIMX.O 

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