Investing.com - Himax reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Himax announced earnings per share of $0.32 on revenue of $309M. Analysts polled by Investing.com anticipated EPS of $0.312 on revenue of $282.45M.
Himax shares are up 107.98% from the beginning of the year, still down 14.04% from its 52 week high of $17.88 set on February 9. They are outperforming the Nasdaq which is up 6.33% from the start of the year.
Himax shares gained 6.44% in intra-day trade following the report.
Himax follows other major Technology sector earnings this month
Himax's report follows an earnings beat by Adobe on March 23, who reported EPS of $3.14 on revenue of $3.91B, compared to forecasts EPS of $2.79 on revenue of $3.75B.
Oracle had beat expectations on March 10 with third quarter EPS of $1.16 on revenue of $10.09B, compared to forecast for EPS of $1.11 on revenue of $10.07B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar