(RTTNews) – Himax Applied sciences, Inc. (HIMX) on Thursday reported earnings of $108.89 million or $0.623 per ADS within the second quarter, considerably greater than $1.38 million or $0.008 per share in the identical quarter a 12 months in the past on 95% enhance in gross sales.
Excluding objects, earnings had been $0.624 per ADS, that beat the common estimate of analysts polled by Thomson Reuters at $0.46 per ADS. Analysts’ estimates sometimes exclude particular objects.
Web revenues for the quarter elevated 95.3% to $365.26 million from $186.98 million final 12 months, helped by gross sales progress in all three main product areas, together with TV, monitor and pocket book. The consensus estimate was for $324.7 million.
Wanting ahead to the third quarter, the corporate sees adjusted earnings to be within the vary of $0.75 per ADS to $0.81 per ADS. Analysts count on earnings of $0.43 per ADS.
Web income is anticipated to extend by 13% to 17% sequentially within the third quarter.
Himax shares are buying and selling greater than 6% up in pre-market at 14.82. The inventory closed Wednesday’s common commerce at $13.88, up 1.02%.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.