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2023

Magnachip: Q2 Earnings Snapshot

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CHEONGJU-SI, Korea, Republic Of (AP) — CHEONGJU-SI, Korea, Republic Of (AP) — Magnachip Semiconductor Corp. (MX) on Monday reported a loss of $3.9 million in its second quarter.

On a per-share basis, the Cheongju-Si, Korea, Republic Of-based company said it had a loss of 9 cents. Losses, adjusted for one-time gains and costs, came to 6 cents per share.

The chip products maker posted revenue of $61 million in the period.

For the current quarter ending in September, Magnachip said it expects revenue in the range of $59 million to $65 million.

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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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