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Fly News Breaks for May 13, 2016
HIMX
May 13, 2016 | 07:18 EDT
Brean Capital noted Himax reported strong Q1 results with a slight revenue miss caused by delays due to an earthquake in Taiwan. The firm noted forward guidance is above the consensus estimates, but believes Street expectations were even higher given the company's AR/VR ramp. Brean Capital is encouraged by the company's traction, but believes current valuation may be ahead of itself and therefore maintains its Hold rating on Himax shares.
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