MagnaChip Semiconductor Corp reports results for the quarter ended in September 30 - Earnings Summary

• MagnaChip Semiconductor Corp MX.N reported a quarterly adjusted loss of 34 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of three analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -25 cents to -12 cents per share.

• Revenue rose 8.5% to $66.46 million from a year ago; analysts expected $64.03 million.

• MagnaChip Semiconductor Corp's reported EPS for the quarter was a loss of 26 cents​.

• The company reported a quarterly loss of $9.62 million.

• MagnaChip Semiconductor Corp shares had fallen by 3.6% this quarter and lost 40.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for MagnaChip Semiconductor Corp is 7.50

This summary was machine generated from LSEG data October 31 at 02:59 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)