Pixelworks (NASDAQ:PXLW) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Pixelworks beat estimated earnings by 6.25%, reporting an EPS of $-0.15 versus an estimate of $-0.16.
Revenue was down $6.66 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 9.79% drop in the share price the next day.
Here’s a look at Pixelworks’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.02 | -0.06 | -0.07 | -0.07 |
| EPS Actual | -0.01 | -0.06 | -0.06 | -0.06 |
| Revenue Estimate | 17.00M | 17.53M | 18.67M | 16.50M |
| Revenue Actual | 16.89M | 17.55M | 19.08M | 16.63M |
To track all earnings releases for Pixelworks visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
