Brief: Himax Technologies Q3 NON-IFRS LOSS 4.0 CENTS PER DILUTED ADS

Himax Technologies

07/11/2019 10:41

Nov 7 (Reuters) - Himax Technologies Inc  HIMX.O :
    * HIMAX TECHNOLOGIES, INC. REPORTS THIRD QUARTER 2019
FINANCIAL
RESULTS AND PROVIDES FOURTH QUARTER 2019 GUIDANCE
    * Q3 REVENUE $164.3 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$158.6 MILLION
    * PROVIDES Q4 2019 GUIDANCE REVENUE TO BE AROUND FLAT
SEQUENTIALLY, GROSS MARGIN TO BE SLIGHTLY UP
    * SEES Q4 2019 IFRS LOSS PER DILUTED ADS TO BE AROUND 3.0 TO
4.5
CENTS
    * SEES  Q4 2019 NON-IFRS LOSS PER DILUTED ADS TO BE AROUND
2.7 TO
4.2 CENTS
    * EXPECTS A SLIGHTLY LOWER SHIPMENT VOLUME SEQUENTIALLY IN
Q4
    * EXPECTS AUTOMOTIVE AND TABLET DDIC SALES TO GROW IN Q4
    * COMPANY REMAINS POSITIVE ON ITS LONG-TERM BUSINESS OUTLOOK
    * Q3 IFRS LOSS 4.2 CENTS PER DILUTED ADS
    * Q3 NON-IFRS LOSS 4.0 CENTS PER DILUTED ADS
    * COMPANY DOES NOT ANTICIPATE BUSINESS ENVIRONMENT TO
IMPROVE IN
NEAR TERM
    * COMPANY DOES ANTICIPATE A STRONG REBOUND FOR Q1 2020 AND
ROBUST
GROWTH FOR 2020
    * IS SEEING WANING DEMAND IN ALL INDUSTRIES THAT CONSUME
DISPLAY
    * Q3 EARNINGS PER SHARE VIEW $-0.04 -- REFINITIV IBES DATA
    * Q4 EARNINGS PER SHARE VIEW $-0.07, REVENUE VIEW $150.6
MILLION
-- REFINITIV IBES DATA
    * EXPECTS TO RECOGNIZE STOCK OPTION RELATED COMPENSATION
EXPENSE
OF $0.33 MILLION IN EACH OF Q4 2019 AND Q1 2020
    * ADDITIONAL EXPECTS TO RECOGNIZE STOCK OPTION RELATED
COMPENSATION EXPENSE OF $0.12 MILLION IN EACH OF Q2 AND Q3 2020

Source text for Eikon:  ID:nGNXrG3Vm 
Further company coverage:  HIMX.O 

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