MagnaChip Semiconductor Corp. Q3 Loss Increases

MagnaChip Semiconductor Corp. (MX) reported Loss for its third quarter that increased from the same period last year

The company's earnings came in at -$9.62 million, or -$0.26 per share. This compares with -$5.17 million, or -$0.13 per share, in last year's third quarter.

Excluding items, MagnaChip Semiconductor Corp. reported adjusted earnings of -$12.80 million or -$0.34 per share for the period.

The company's revenue for the quarter rose 8.5% to $66.46 million from $61.25 million last year.

MagnaChip Semiconductor Corp. earnings at a glance (GAAP) :

-Earnings (Q3): -$9.62 Mln. vs. -$5.17 Mln. last year.
-EPS (Q3): -$0.26 vs. -$0.13 last year.
-Revenue (Q3): $66.46 Mln vs. $61.25 Mln last year.

by RTTNews Staff Writer

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