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Magnachip: Q1 Earnings Snapshot

CHEONGJU-SI, Korea, Republic Of (AP) — CHEONGJU-SI, Korea, Republic Of (AP) — Magnachip Semiconductor Corp. (MX) on Tuesday reported a loss of $4.6 million in its first quarter.

The Cheongju-Si, Korea, Republic Of-based company said it had a loss of 13 cents per share. Losses, adjusted for one-time gains and costs, were 11 cents per share.

The chip products maker posted revenue of $46.2 million in the period.

For the current quarter ending in June, Magnachip expects its per-share earnings to range from $44.50 to $48.50.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MX at https://www.zacks.com/ap/MX

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