Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 485820
Jim Borowski  |  by www.tradingmarkets.com. All rights reserved. 7.11 | 8:43

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(RTTNews) - Himax Technologies Inc. ( | | | ) reported third quarter GAAP net income of $4.6 million or $0.

02 per share, compared to $21.4 million or $0.12 per share in the third quarter of 2005.

On average, 4 analysts polled by First Call/Thomson Financial expected the company to earn $0.07 per share for the quarter. Share-based compensation was $11.

5 million and $1.4 million in the third quarter of 2006 and the third quarter of 2005, respectively. Excluding items, non-GAAP earnings for the current quarter were $0.

08 per share. Net revenue for the quarter was $177.1 million, up from $154.

8 million in the third quarter of 2005. Looking ahead, the company expects net revenue in the fourth quarter of 2006 to grow more than 20% sequentially, and gross margin to maintain flat or increase slightly. The company also projects diluted GAAP earnings per share to return to the level in the first half of 2006.

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