MagnaChip (MX) Tops Q1 EPS by 10c

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Go back to MagnaChip (MX) Tops Q1 EPS by 10c

MagnaChip Reports First Quarter 2017 Financial Results

May 3, 2017 4:16 PM EDT

SEOUL, South Korea and SAN JOSE, Calif., May 3, 2017 /PRNewswire/ -- MagnaChip Semiconductor Corporation ("MagnaChip" or the "Company") (NYSE: MX), a Korea-based designer and manufacturer of analog and mixed-signal semiconductor platform solutions for  communications, IoT, consumer, industrial and automotive applications, today announced financial results for the first quarter ended March 31, 2017.

Total revenue for the first quarter of 2017 was $161.7 million, up 9.2% as compared to $148.1 million for the first quarter of 2016 and a decline of 10.4% compared to $180.5 million for the fourth quarter of 2016. Total revenue in the first quarter came in... More