AP NEWS

Pixelworks: 3Q Earnings Snapshot

October 31, 2019

SAN JOSE, Calif. (AP) _ Pixelworks Inc. (PXLW) on Thursday reported a third-quarter loss of $2.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Jose, California-based company said it had a loss of 6 cents. Losses, adjusted for stock option expense and amortization costs, were 1 cent per share.

The maker of chips used in high-end digital video devices posted revenue of $18.1 million in the period.

For the current quarter ending in December, Pixelworks said it expects revenue in the range of $15 million to $17 million.

In the final minutes of trading on Thursday, the company’s shares hit $3.89. A year ago, they were trading at $4.18.

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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 PXLW at https://www.zacks.com/ap/PXLW