MagnaChip Semiconductor (NYSE:MX) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
MagnaChip Semiconductor beat estimated earnings by 11.11%, reporting an EPS of $-0.24 versus an estimate of $-0.27.
Revenue was down $47.09 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.16 which was followed by a 5.16% drop in the share price the next day.
Here’s a look at MagnaChip Semiconductor’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.20 | -0.06 | 0.18 | 0.24 |
| EPS Actual | -0.36 | 0.02 | 0.23 | 0.28 |
| Revenue Estimate | 59.67M | 72.33M | 101.13M | 105.77M |
| Revenue Actual | 60.99M | 71.20M | 101.38M | 104.09M |
To track all earnings releases for MagnaChip Semiconductor visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
