MagnaChip Semiconductor: Q1 Earnings Insights - MagnaChip Semiconductor (NYSE:MX)

MagnaChip Semiconductor MX reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:05 PM.

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

MagnaChip Semiconductor beat estimated earnings by 11.11%, reporting an EPS of $-0.24 versus an estimate of $-0.27.

Revenue was down $47.09 million from the same period last year.

Last quarter the company missed on EPS by $0.16 which was followed by a 5.16% drop in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.20	-0.06	0.18	0.24
EPS Actual	-0.36	0.02	0.23	0.28
Revenue Estimate	59.67M	72.33M	101.13M	105.77M
Revenue Actual	60.99M	71.20M	101.38M	104.09M

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.