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Why Himax (HIMX) Stock Continues to Spike Today

NEW YORK (TheStreet) -- Shares of Himax Technologies (HIMX) were jumping 7.44% to $9.53 late Friday morning after the company posted better-than-expected results for the 2016 second quarter yesterday.

Before yesterday's opening bell, the Taiwan-based fabless semiconductor company said it had adjusted earnings of 12 cents per share. Analysts were looking for earnings of 10 cents per share.

Revenue for the quarter was $201.1 million, surpassing Wall Street's estimates of $198.6...