Investing.com - Himax reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Himax announced earnings per share of $0.623 on revenue of $365.26M. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $363.11M.
Himax shares are down 13% from the beginning of the year, still down 24.66% from its 52 week high of $17.88 set on February 9. They are under-performing the STOXX 600 which is up 17.76% from the start of the year.
Himax shares lost 2.95% in intra-day trade following the report.
Himax follows other major Information Technology sector earnings this month
Himax's report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Microsoft had beat expectations on July 27 with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.92 on revenue of $44.22B.
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