MagnaChip (MX) Misses Q1 EPS by 9c

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Go back to MagnaChip (MX) Misses Q1 EPS by 9c

MagnaChip Reports First Quarter 2019 Financial Results

April 30, 2019 4:07 PM EDT

SEOUL, South Korea and SAN JOSE, Calif., April 30, 2019 /PRNewswire/ -- MagnaChip Semiconductor Corporation (NYSE: MX) today announced financial results for the first quarter of 2019.

Q1 2019 Summary

Revenue of $157.4 million exceeded the guidance range of $150-$155 million; revenue down 5.1% Year-over-Year (YoY) Standard Products Group (SPG) revenue of $100.3 million, up 13.5% YoY Display Standard Products revenue of $58.2 million, up 17.2%; OLED revenue up 41.4% YoY Power Standard Products revenue of $42.0 million, up 8.7% YoYFoundry Services Group (FSG) revenue of $57.1 million, down... More