Magnachip Semiconductor Corporation Common Stock (MX)
4.5550
-0.0550 (-1.19%)
Magnachip Semiconductor Corp is a global provider of mixed-signal semiconductor solutions, primarily focused on designing and manufacturing innovative products for various applications, including consumer electronics, communications, and automotive markets. The company specializes in power management, display driver ICs, and other advanced semiconductor technologies that enhance the performance and efficiency of electronic devices. With a commitment to research and development, Magnachip aims to deliver cutting-edge solutions tailored to meet the evolving needs of its customers and the dynamic demands of the technology landscape.
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Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Magnachip (NYSEMX) and its peers.
Semiconductor manufacturer Magnachip Semiconductor (NYSEMX) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 8.5% year on year to $66.46 million. The company also expects next quarter’s revenue to be around $61.5 million, slightly above analysts’ estimates. Its non-GAAP loss of $0.34 per share was 82.1% below analysts’ consensus estimates.
