Pixelworks (PXLW) Tops Q2 EPS by 1c

Pixelworks (NASDAQ: PXLW) reported Q2 EPS of ($0.08), $0.01 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $15.1 million versus the consensus estimate of $14.83 million.

"First half 2015 product revenue increased 15% over 2014, driven by continued growth in our chip business. Highlighting the quarter was the announcement of ASUS selecting Pixelworks’ Iris mobile display processor for its innovative Hero ZenPad tablet," said Bruce Walicek, President and CEO of Pixelworks. “The adoption of Iris by a recognized market leader such as ASUS for its flagship platform serves as important validation of Pixelworks’ mobile technology as well as Iris' value proposition to mobile OEMs. Also during the quarter, we formally introduced our second chip for the mobile market, and we expect to begin initial volume production of the Iris family during the third quarter.”

For earnings history and earnings-related data on Pixelworks (PXLW) click here.

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