Pixelworks Inc reports results for the quarter ended in June - Earnings Summary

Pixelworks

08/08/2023 23:35

* Pixelworks Inc  PXLW.OQ  reported a quarterly adjusted
loss of 9
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 10 cents per share.
    * Revenue fell 28.7% to $13.61 million from a year ago;
analysts
expected $13.33 million. 
    * Pixelworks Inc's reported EPS for the quarter was a loss
of 11
cents​.
    * The mean earnings estimate of analysts had risen by
about 11% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Pixelworks Inc shares had fallen by 5.8% this quarter and
lost 7.9% so far this year.
    * The company reported a quarterly loss of $6.04 million.
    * Wall Street's median 12-month price target for Pixelworks
Inc is
$3.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:35 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.10          -0.09          Beat
 Mar. 31 2023      -0.16          -0.15          Beat
 Dec. 31 2022      -0.02          -0.01          Beat
 Sep. 30 2022      -0.06          -0.06          Met