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 and are trading at $3.73 , down-from-52-week-high.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 after the report.
Himax follows other major Technology sector earnings this month
Himax's report follows an earnings beat by Adobe on Tuesday, September 15, 2020, 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 Thursday, September 10, 2020 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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