Pixelworks, Inc. (NASDAQ:PXLW) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.1 per share.
For the full year, analysts predict revenues of $ 41.95 million, while looking forward to loss of $ 0.34 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.13 ~ $ -0.06 per share, while revenues are expected in a range of $ 7.50 million ~ $ 10.00 million
Click Here For More Historical Outlooks Of Pixelworks, Inc.
Previous Quarter Performance
Pixelworks, Inc. recorded loss for the second quarter of $ 0.10 per share, from the revenue of $ 9.25 million. The quarterly revenues down 48.70 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.10 per share from $ 10.00 million in revenue. The top line results fell short of analysts by $ 0.75 million or 7.5 percent.
Stock Performance
Shares of Pixelworks, Inc. traded low $ -0.11 or -4.66 percent on Wednesday, reaching $ 2.25 with volume of 302.70 thousand shares. Pixelworks, Inc. has traded high as $ 2.35 and has cracked $ 2.22 on the downward trend
According to the previous trading day, closing price of $ 2.25, representing a 21.03 % increase from the 52 week low of $ 1.95 and a 54.88 % decrease over the 52 week high of $ 5.23.
The company has a market capital of $ 94.51 million and is part of the Technology sector and Semiconductors industry.
Conference Call
Pixelworks, Inc. 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.pixelworks.com
Pixelworks, Inc. designs, develops, and markets video processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits (ICs) solutions for high-quality energy efficient video applications. The company provides video display processor products, including image processor ICs, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing within high-end display systems; and video co-processor ICs that work with an image processor to post-process video signals to enhance the performance or feature set of the overall video solution, as well as transcoder ICs, such as embedded microprocessors, digital signal processing technology, and software that control the operations and signal processing for converting bitrates, resolutions, and codecs.
