Magnachip: Q2 Earnings Snapshot

August 8, 2022 GMT

LUXEMBOURG (AP) _ Magnachip Semiconductor Corp. (MX) on Monday reported a loss of $3.3 million in its second quarter.

The Luxembourg-based company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 23 cents per share.

The chip products maker posted revenue of $101.4 million in the period.

For the current quarter ending in October, Magnachip said it expects revenue in the range of $70 million to $75 million.

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