Chris Lau
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Chris Lau in Value Stocks,

Himax Technologies Earnings Preview

Highly manipulated on the stock market, Himax Technologies (HIMX) will report quarterly results this Thursday. Bears successfully pulled the stock from the $11.00 peak to just $7.70 a share, giving bulls a 35 percent paper loss.

Earnings should net a negative growth rate for the year as a whole. The company started ramping up orders for VR and AR two quarters ago. It started plans for building a manufacturing facility that should be ready in 2017.

Markets refuse to acknowledge the importance of Facebook (FB) Oculus and Microsoft (MSFT) Hololens. Other applications of AR will fill the backlog of orders Himax is facing.

On the upcoming quarterly report, watch out for details on the AR and VR ramp up and the expected earnings for the next fiscal year. A higher than expected outlook will squeeze out the shorts once and for all.