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Magnachip: 2Q Earnings Snapshot

July 30, 2019

LUXEMBOURG (AP) _ Magnachip Semiconductor Corp. (MX) on Tuesday reported a loss of $9.5 million in its second quarter.

The Luxembourg-based company said it had a loss of 28 cents per share. Earnings, adjusted for non-recurring costs, were 8 cents per share.

The chip products maker posted revenue of $205.1 million in the period.

For the current quarter ending in October, Magnachip said it expects revenue in the range of $220 million to $230 million.

Magnachip shares have climbed 71% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.60, a drop of slightly more than 5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MX at https://www.zacks.com/ap/MX

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