Shares of Himax Technologies (NASDAQ: HIMX) have jumped today, up by 12% as of 12:40 p.m. EST, after the company pre-announced preliminary fourth-quarter earnings results. The display technology specialist enjoyed a better-than-expected quarter to close out 2019.
Revenue in the fourth quarter came in at $174.9 million, representing a sequential increase of 6.5%. Himax's guidance from November called for revenue to be "around flat sequentially," and the company has been providing cautious commentary all year regarding its core display driver business. "As we look forward, although at this time we have limited visibility, we do not anticipate the business environment to improve in the near term," CEO Jordan Wu said at the time.
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