MagnaChip (MX) Tops Q4 EPS by 3c, Revenues Beat; Offers Q1 Revenue Guidance Below Consensus
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MagnaChip Reports Fourth Quarter and Full Year 2018 Financial Results And Announces Strategic Review Process of its Foundry Operations
February 14, 2019 4:03 PM ESTSEOUL, South Korea and SAN JOSE, Calif., Feb. 14, 2019 /PRNewswire/ -- MagnaChip Semiconductor Corporation (NYSE: MX) today announced financial results for the fourth quarter and full year 2018. Revenue in the fourth quarter was $179.4 million and gross profit margin was 24.5%. For the year 2018, revenue was $750.9 million and gross margin was 26.4%.
MagnaChip also announced today that it has undertaken a strategic evaluation of the Company's Foundry business and Fab 4, the larger of the Company's two 8" manufacturing facilities. Fab 4 is an analog and mixed signal fab that produces approximately 73% of the Company's... More
