MagnaChip (MX) Tops Q2 EPS by 8c, Q3 Revenue Guidance Falls Short

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MagnaChip Reports Second Quarter 2015 Financial Results

August 6, 2015 4:01 PM EDT

SEOUL, South Korea and SAN JOSE, Calif., Aug. 6, 2015 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor products, today announced financial results for the second quarter ended June 30, 2015.

Revenue for the second quarter of 2015 was $162.0 million, a 1.7% decline compared to $164.9 million for the first quarter of 2015, and down 5.8% compared to $172.1 million for the second quarter of 2014. Semiconductor Manufacturing Services (Foundry) revenue in the second quarter of 2015 was $79.0 million, Display Solutions revenue was $48.9 million and Power Solutions revenue was $34.0 million.... More