Magnachip: Q3 Earnings Snapshot

Associated Press Finance
2024-10-31

CHEONGJU-SI, Korea, Republic Of (AP) — CHEONGJU-SI, Korea, Republic Of (AP) — Magnachip Semiconductor Corp. (MX) on Wednesday reported a loss of $9.6 million in its third quarter.

On a per-share basis, the Cheongju-Si, Korea, Republic Of-based company said it had a loss of 26 cents. Losses, adjusted for one-time gains and costs, came to 34 cents per share.

The chip products maker posted revenue of $66.5 million in the period.

For the current quarter ending in December, Magnachip said it expects revenue in the range of $59 million to $64 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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