By: Pan Chi-i and Frances Huang
Taipei, May 5 (CNA) Innolux Corp. (群創), one of Taiwan’s leading flat panel makers, on Tuesday reported first-quarter earnings per share of NT$0.87 (US$0.03), a figure that analysts said had exceeded market expectations.
At an investor conference, Innolux said that due to the first-quarter slow season, its EPS for that period was below the NT$1.13 recorded in the previous quarter but was much higher than the NT$0.02 in the same period of last year.
“The first quarter EPS beat the market estimate of about NT$0.8 as Innolux recorded a higher gross margin for the quarter,” Marbo Securities Investment Consulting analyst Chang Chih-cheng said. “The higher gross margin largely reflected an improvement in the company’s product portfolio.” [FULL STORY]