MagnaChip Semiconductor Corp reports results for the quarter ended in March - Earnings Summary

MagnaChip Semiconductor

04/05/2022 01:47

* MagnaChip Semiconductor Corp  MX.N  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 24 cents per share.
    * Revenue fell 15.4% to $104.09 million from a year ago; 
analysts
expected $105.77 million. 
    * MagnaChip Semiconductor Corp's reported EPS for the
quarter was
20 cents​.
    * The mean earnings estimate of analysts had risen by
about 5% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * MagnaChip Semiconductor Corp shares had risen by 9.9% this
quarter and lost 11.4% so far this year.
    * The company reported quarterly net income of $9.53
million.
    * Wall Street's median 12-month price target for MagnaChip
Semiconductor Corp is $29.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 4 at 12:47 a.m.  ​All
figures in US dollars unless otherwise stated