Brief: Himax Technologies Sees Q3 2018 IFRS Loss Per ADS To Be Around 1.0 Cent

Himax Technologies

09/08/2018 11:56

Aug 9 (Reuters) - Himax Technologies Inc  HIMX.O :
    * HIMAX TECHNOLOGIES, INC. REPORTS SECOND QUARTER 2018
FINANCIAL
RESULTS AND PROVIDES THIRD QUARTER 2018 GUIDANCE
    * Q2 REVENUE $181.4 MILLION VERSUS I/B/E/S VIEW $181.6
MILLION
    * Q2 IFRS PROFIT 1.2 CENTS PER DILUTED ADS
    * HIMAX TECHNOLOGIES - EXPECT 2H18 WLO SHIPMENT TO INCREASE
"SIGNIFICANTLY" OVER 1H18
    * EXPECTS SINGLE DIGIT GROWTH FOR LARGE DRIVER ICS IN Q3
VERSUS Q2
REVS
    * SEES Q3 2018 IFRS LOSS PER ADS TO BE AROUND 1.0 CENT AND
NON-IFRS EARNINGS PER ADS TO BE AROUND 1.5 CENTS
    * HIMAX - EXPECTS MID SINGLE DIGIT DECLINE FOR SMALL &
MEDIUM-SIZED DRIVER IC & AROUND 15PCT GROWTH FOR NON-DRIVER IC
BUSINESS IN Q3 VERSUS Q2 REVS
    * SEES Q3 2018 REVENUE TO BE AROUND FLAT SEQUENTIALLY
    * HIMAX - INVENTORIES AS OF JUNE 30 $142.1 MILLION, DOWN
FROM
$147.7 MILLION AT SAME TIME LAST YEAR
    * Q2 NON-IFRS PROFIT WAS 1.3 CENTS PER DILUTED ADS
    * HIMAX TECHNOLOGIES - IN Q3, SEES IC BUSINESS BENEFITTING
FROM
CHINESE PANEL CUSTOMERS' CAPACITY EXPANSION
    * HIMAX  - IN Q3, SMALL AND MEDIUM-SIZED IC BUSINESS LIKELY
TO
DECLINE DUE SMARTPHONE SALES DECLINE
    * HIMAX TECHNOLOGIES - EXPECT ADDITION OF NEW FOUNDRY
CAPACITY FOR
TDDI TO START MASS PRODUCTION EARLY Q4

Source text for Eikon:  ID:nGNX4MT9jX 
Further company coverage:  HIMX.O 

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