MagnaChip (MX) Reports Q2 EPS of $0.13

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Go back to MagnaChip (MX) Reports Q2 EPS of $0.13

MagnaChip Reports Results for Second Quarter 2020

July 30, 2020 4:01 PM EDT

SEOUL, South Korea and SAN JOSE, Calif., July 30, 2020 /PRNewswire/ -- MagnaChip Semiconductor Corporation (NYSE: MX) ("MagnaChip" or the "Company") today announced financial results for the second quarter of 2020.

"We executed well and delivered an excellent quarter despite market disruptions caused by COVID-19 by achieving key financial metrics above expectations, said YJ Kim, MagnaChip's chief executive officer. In addition to delivering outstanding financial results, our team is making substantial progress with the pending sale of our Foundry Services Group business and Fab 4. Based on the progress we made... More