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Himax Technologies (HIMX) Stock Plummets on Q1 Revenue Miss

NEW YORK (TheStreet) -- Himax (HIMX - Get Report) stock is plunging 13.57% to $9.30 on heavy trading volume on Thursday, after the company reported 2016 first quarter financial results.

Before the market open, the Taiwan-based fabless semiconductor solution provider reported adjusted earnings of 7.8 cents per ADS, while analysts were looking for earnings of 7 cents per ADS.

Revenue rose by 1.3% year-over-year to $180.3 million for the most recent quarter, below analysts' estimates for $181.3 million.

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