Friday, May 12, 2017 11:35:14 AM
HIMX...not doing that great above $7...but there will be many good swing trades on this stock...
The semiconductor and sensor designer reported first-quarter results in the early morning hours. Analysts had been looking for earnings of roughly $0.03 per American depositary share, based on sales near $163 million. Instead, Himax delivered adjusted earnings of $0.01 per diluted ADS on $155 million in top-line revenue.
Both earnings and sales fell far below Wall Street's projections.
But the Taiwan-based company also reported "significantly higher" capital expenses than usual as an unnamed customer committed to large order volumes of Himax's wafer level optics (WLO) sensors. Rumor has it that this anonymous customer is Apple, setting the stage for 3D sensors in the upcoming iPhone 8 flagship phone.
The semiconductor and sensor designer reported first-quarter results in the early morning hours. Analysts had been looking for earnings of roughly $0.03 per American depositary share, based on sales near $163 million. Instead, Himax delivered adjusted earnings of $0.01 per diluted ADS on $155 million in top-line revenue.
Both earnings and sales fell far below Wall Street's projections.
But the Taiwan-based company also reported "significantly higher" capital expenses than usual as an unnamed customer committed to large order volumes of Himax's wafer level optics (WLO) sensors. Rumor has it that this anonymous customer is Apple, setting the stage for 3D sensors in the upcoming iPhone 8 flagship phone.
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