Himax Technologies, Inc. (NASDAQ:HIMX) Reports 1Q18 Swing To Loss

Himax Technologies, Inc. (NASDAQ:HIMX) reported first quarter earnings before the bell today, that came in line with street view.

On a GAAP basis, HIMX reported net loss of $ 2.83 million or 2 cents per share, compared with income of $ 1.22 million or 1 cents per share, a year ago period.

Headquartered in Tainan City, HIMX recorded revenue that rose 5% to $ 162.85 million from $ 155.21 million in the same quarter last year.

Analysts polled by Thomson Reuters expected Himax Technologies, Inc. to reveal loss of $ 0.02 per share on revenue of $ 159.35 million for the first quarter.

Despite the decline in the first quarter of 2018. Himax expects a solid rebound in the second quarter overall and sequential growth across all three major product categories, said Mr. Jordan Wu, President and Chief Executive Officer of Himax.

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