Why Himax Technologies, Inc. Popped 34% in November

Shares of Himax Technologies, Inc. (NASDAQ: HIMX) jumped 34.6% in November, according to data provided by S&P Global Market Intelligence, after the fabless semiconductor manufacturer reported its third quarter 2017 results, which beat analysts' consensus estimates for both earnings and revenue.

Himax's top line hit $197.1 million in the quarter, which was toward the high-end of the company's own guidance and surpassed analysts' consensus estimate of $191.3 million. The company also brought in non-GAAP net income of $9 million, or $0.05 per diluted share, which surpassed the company's own guidance and also bested Wall Street's estimate of $0.04.

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Source: Fool.com