MagnaChip Reports Fourth Quarter and Full Year 2018 Financial Results And Announces Strategic Review Process of its Foundry Operations

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Go back to MagnaChip Reports Fourth Quarter and Full Year 2018 Financial Results And Announces Strategic Review Process of its Foundry Operations

MagnaChip (MX) Tops Q4 EPS by 3c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus

February 14, 2019 4:06 PM EST

MagnaChip (NYSE: MX) reported Q4 EPS of $0.10, $0.03 better than the analyst estimate of $0.07. Revenue for the quarter came in at $179.4 million versus the consensus estimate of $176.5 million.

Nader Tavakoli, Chairman of the Board of MagnaChip, said, "The Board is committed to improving MagnaChip's profitability and unlocking shareholder value. As we undertake this strategic evaluation of the Foundry business, we will be mindful of the best interests of all of our stakeholders including shareholders, customers and employees."

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