Shares of Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) ended Thursday session in green amid volatile trading. The shares closed up +0.84 points or 8.59% at $10.62 with 6.69 million shares getting traded. Post opening the session at $9.90, the shares hit an intraday low of $9.70 and an intraday high of $10.70 and the price vacillated in this range throughout the day. The company has a market cap of $1.81 billion and the numbers of outstanding shares have been calculated to be 343.82 million shares.
Himax Technologies, Inc. (ADR) (HIMX) on August 11, 2016 announced its financial results for the second quarter ended June 30, 2016.
- Net revenue for the quarter increased 11.5% sequentially to $201.1 million, meeting high end of guidance.
- Compared to the previous quarter, small and medium-sized panel driver sales increased 14.0% and large-sized panel driver sales increased 2.8%, driven by accelerating 4K TV penetration. Non-driver sales increased 22.1%, led by growth of AR/VR related business.
- Gross margin for the quarter increased 230 bps to 26.1% from Q2 2015, meeting high end of guidance.
- Q2 2016 GAAP net income was $19.8 million, or 11.5 cents per diluted ADS, exceeding guidance of 8.5 to 10.5 cents. GAAP net income increased 51.2% from Q1 2016 and increased 124.0% from Q2 2015.
Shares of Sprint Corp (NYSE:S) ended Thursday session in green amid volatile trading. The shares closed up +0.04 points or 0.65% at $6.18 with 14.91 million shares getting traded. Post opening the session at $6.12, the shares hit an intraday low of $6.08 and an intraday high of $6.24 and the price vacillated in this range throughout the day. The company has a market cap of $24.23 billion and the numbers of outstanding shares have been calculated to be 3.98 billion shares.
On September 1, 2016 Sprint Corp (S) and Nokia kicked-off the launch of three-channel carrier aggregation in Kansas City’s LTE Plus Network with a live demonstration at Kauffman Stadium. Just prior to the Royals vs Yankees match-up, the companies showcased three-channel carrier aggregation reaching peak speeds as high as 230 Mbps inside the stadium using the Samsung Note7, Galaxy S7, S7 edge, HTC 10 and LG G5.
Carrier aggregation is an LTE-Advanced feature that bonds together bands of spectrum to create wider channels, produce greater capacity and deliver faster speeds on capable devices. Essentially it creates a wider lane that allows more data traffic to travel at higher rates.
Sprint began its roll-out of two-channel aggregation in 2015. Sprint uses two-channel carrier aggregation to deliver peak speeds of more than 100 Mbps in 237 LTE Plus markets across the country using 40 MHz of 2.5 GHz spectrum on the company’s LTE Plus cell sites. With three-channel carrier aggregation Sprint will utilize 60 MHz of spectrum in the 2.5 GHz band to provide peak download speeds of more than 200 Mbps on compatible devices. Sprint holds more than 160 MHz of 2.5 GHz spectrum in the top 100 U.S. markets. Sprint also uses 800 MHz and 1.9 GHz spectrum to provide strong coverage and reliability across its LTE Plus network.