BUZZ-Himax gains on better-than-expected quarterly results

Reuters
02-13
BUZZ-Himax gains on better-than-expected quarterly results

** Shares of display imaging chipmaker Himax Technologies HIMX.O up 5.91% at $9.68

** HIMX records Q4 profit per diluted ADS of 14 cents, above co's forecast of 9.3 cents to 11.0 cents, helped by lower costs

** Co posts Q4 net rev. of $237.2 mln, up 4.2% YoY, driven by stronger order momentum across product lines

** Adds HIMX is well-positioned to capitalize on trend of premium notebook to adopt OLED displays and touch features

** Expects Q1 2025 revenue to decline 8.5% to 12.5% from the previous quarter

** As of last close, stock was up ~33.60% YTD

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))

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