MagnaChip (MX) Tops Q3 EPS by 3c

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Go back to MagnaChip (MX) Tops Q3 EPS by 3c

MagnaChip Reports Third Quarter 2015 Financial Results

October 29, 2015 4:01 PM EDT

SEOUL, South Korea and SAN JOSE, Calif., Oct. 29, 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 third quarter ended September 30, 2015.

Revenue for the third quarter of 2015 was $154.4 million, a 4.7% decline compared to $162.0 million for the second quarter of 2015, and down 20.6% compared to $194.3 million for the third quarter of 2014.  Foundry Services revenue in the third quarter of 2015 was $71.5 million and Standard Products Group revenue was $82.7 million.

Gross profit was $34.7 million, or... More