MagnaChip (MX) Tops Q3 EPS by 12c
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MagnaChip Reports Third Quarter 2018 Financial Results
October 30, 2018 4:05 PM EDTSEOUL, South Korea and SAN JOSE, Calif., Oct. 30, 2018 /PRNewswire/ -- MagnaChip Semiconductor Corporation (NYSE: MX) today announced financial results for the third quarter of 2018 ended September 30. Â
Q3 2018 Summary
Revenue of $206 million within the guidance range of $200-210 million, and highest since fourth quarter of 2012; revenue increased 16.6% Year-over-Year (YoY) as Display and Power showed gains. Â Standard Products Group revenue grew 26.8% YoY; gross margin of 28.8% sets record OLED display driver revenue of $58.3 million up 232.2% YoY; OLED revenue at nearly $155 million Year-to-Date (YTD) and poised to set revenue... More