Recap: MagnaChip Semiconductor Q2 Earnings

Recap: MagnaChip Semiconductor Q2 Earnings

 

MagnaChip Semiconductor MX reported its Q2 earnings results on Monday, August 8, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

MagnaChip Semiconductor beat estimated earnings by 27.78%, reporting an EPS of $0.23 versus an estimate of $0.18.

Revenue was down $12.50 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 0.49% drop in the share price the next day.

Here's a look at MagnaChip Semiconductor's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.24 0.28 0.22 0.20
EPS Actual 0.28 0.31 0.42 0.15
Revenue Estimate 105.77M 122.30M 126.93M 129.63M
Revenue Actual 104.09M 110.33M 127.00M 113.88M

To track all earnings releases for MagnaChip Semiconductor visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings