Pixelworks: 2Q Earnings Snapshot
SAN JOSE, Calif. (AP) _ Pixelworks Inc. (PXLW) on Thursday reported a second-quarter loss of $2.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Jose, California-based company said it had a loss of 7 cents. Earnings, adjusted for stock option expense and non-recurring costs, were less than 1 cent on a per-share basis.
The maker of chips used in high-end digital video devices posted revenue of $19.3 million in the period.
For the current quarter ending in October, Pixelworks said it expects revenue in the range of $21 million to $22 million.
In the final minutes of trading on Thursday, the company’s shares hit $3.26. A year ago, they were trading at $4.55.