Mark your calendars for Wednesday 30th October 2024, as Magnachip Semiconductor Corporation (NYSE: MX) will be revealing its third quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
According to the forecasts of financial experts on Wall Street, the concern is expected to reveal an anticipated $0.75 profit per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $1.19 billion.
According to the Wall Street analysts projections, the company is expected to generate a total revenue of $5.25 billion for the fiscal year. Additionally, these analysts anticipate that the company will report profit of $3.73 per share during the same period.
The company's earnings report for the corresponding quarter of the previous year showcased a per-share loss of $0.04. This notable figure was achieved due to the company's impressive total revenue of $61.25 million recorded during that specific period.
In addition, The firm will review the third quarter financial results on 30th October 2024 at 05:00 PM eastern time, in a conference call with public.
Magnachip Semiconductor Corporation (MX) shares experienced a range of $4.64 to $4.75 on a day volume of 102.20 thousand shares. The stock closed Monday's regular trading session at $4.64, demonstrating a 2.32 percent drop.
