MagnaChip Semiconductor Corporation (NYSE:MX) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.07 per share from revenue of $ 121.00 million.
Looking ahead, the full year income are expected at $ 0.26 per share on the revenues of $ 473.20 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 118.00 million ~ $ 124.00 million
Click Here For More Historical Outlooks Of MagnaChip Semiconductor Corporation
Previous Quarter Performance
MagnaChip Semiconductor Corporation revealed income for the second quarter of $ 0.13 per share, from the revenue of $ 118.83 million. The quarterly earnings improved 62.50 percent compared with the same quarter last year. Wall street analysts are predicting, MX to report 2Q20 income of $ 0.07 per share from revenue of $ 118.60 million. The bottom line results beat street analysts by $ 0.06 or 85.71 percent, at the same time, top line results outshined analysts by $ 0.23 million or 0.19 percent.
Stock Performance
Shares of MagnaChip Semiconductor Corporation traded low $ -0.43 or -3.19 percent on Wednesday, reaching $ 13.03 with volume of 313.20 thousand shares. MagnaChip Semiconductor Corporation has traded high as $ 13.39 and has cracked $ 12.95 on the downward trend
According to the previous trading day, closing price of $ 13.03, representing a 113.65 % increase from the 52 week low of $ 6.30 and a 16.19 % decrease over the 52 week high of $ 16.06.
The company has a market capital of $ 458.14 million and is part of the Technology sector and Semiconductors industry.
Conference Call
MagnaChip Semiconductor Corporation will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.magnachip.com
MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications. The company operates through two segments, Foundry Services Group and Standard Products Group. The Foundry Services Group segment provides analog and mixed-signal foundry services for fabless and integrated device manufacturer semiconductor companies to manufacture a range of products, including display drivers, light emitting diode (LED) drivers, audio encoding and decoding devices, microcontrollers, touch screen controllers, RF switches, park distance control sensors for automotive, electronic tag memories, and power management semiconductors.
