MagnaChip Reports Revenue of $229.7 Million in Third Quarter 2019; OLED, Power Revenue Set Records; Foundry Revenue Hits 5-year High

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Go back to MagnaChip Reports Revenue of $229.7 Million in Third Quarter 2019; OLED, Power Revenue Set Records; Foundry Revenue Hits 5-year High

MagnaChip (MX) Tops Q3 EPS by 33c, Revenues Beat; Offers Q4 Revenue Mid-Point Guidance Above Consensus

October 23, 2019 4:40 PM EDT

MagnaChip (NYSE: MX) reported Q3 EPS of $0.61, $0.33 better than the analyst estimate of $0.28. Revenue for the quarter came in at $229.7 million versus the consensus estimate of $225 million.

GUIDANCE:

MagnaChip sees Q4 2019 revenue of $181-191 million, versus the consensus of $183.75... More