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Himax beats Street 3Q forecasts

TAIWAN, Taiwan (AP) _ Himax Technologies Inc. (HIMX) on Thursday reported third-quarter profit of $3.7 million.

On a per-share basis, the Taiwan, Taiwan-based company said it had profit of 2 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The fabless semiconductor company posted revenue of $197.1 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $191.3 million.

For the current quarter ending in December, Himax expects its per-share earnings to range from 13 cents to 15 cents.

Himax shares have risen 76 percent since the beginning of the year. The stock has risen 40 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on HIMX at