Investing.com - Himax reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Himax announced earnings per share of $0.04 on revenue of $239.9M. Analysts polled by Investing.com anticipated EPS of $0.03 on revenue of $225.12M.
Himax shares are up 40.23% from the beginning of the year, still down 26.86% from its 52 week high of $5.10 set on February 19. They are outperforming the Nasdaq which is up 26.24% from the start of the year.
Himax shares gained 7.80% 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 September 15, who reported EPS of $2.57 on revenue of $3.23B, compared to forecasts EPS of $2.41 on revenue of $3.16B.
Oracle had beat expectations on September 10 with first quarter EPS of $0.93 on revenue of $9.37B, compared to forecast for EPS of $0.86 on revenue of $9.17B.
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