What to Expect From Himax Technologies' Q2 Earnings
Himax Technologies (NASDAQ: HIMX) has set the stock market on fire this year, logging almost 40% gains so far thanks to both the possibility of landing a spot in Apple's next iPhone, and its aggressive bets on augmented reality (AR). The semiconductor and sensor specialist will update investors with its second-quarter fiscal 2017 results on Aug. 3. Here's what can be expected from the company's upcoming report.
Image source: Himax Technologies.
Wall Street expects Himax's revenue to drop 24% year over year to $153 million, which would push the company's bottom line toward breakeven, compared with a profit of $0.12 per share in the prior-year period. Investors should expect the chipmaker's financial performance this fiscal year to continue to decline after it had failed to satisfy analysts' expectations by a big margin during the first quarter.
Source: Fool.com
