FX.co ★ Himax Technologies Q3 Profit Decreases; Issues Q4 Guidance

In its third-quarter financial report released on Thursday, Himax Technologies Inc. (HIMX), a semiconductor company, offered a forecast for earnings and revenue growth for the fourth quarter of fiscal year 2024.

For the upcoming fourth quarter, the company anticipates earnings per American Depositary Share (ADS) to fall between 9.3 and 11.0 cents, with revenue expected to remain flat or slightly decrease compared to the previous quarter.

During the third quarter, the profit attributable to Himax shareholders rose to $13.02 million, equivalent to 7.4 cents per ADS, up from $11.24 million or 6.4 cents per ADS in the same quarter the previous year.

However, net revenues for the quarter experienced a decline, dipping to $222.41 million from the previous year's $238.52 million for the same duration.