MagnaChip Semiconductor Q2 Adj EPS $(0.06) Beats $(0.23) Estimate, Sales $60.98M Beat $60.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
MagnaChip Semiconductor (NYSE:MX) reported Q2 adjusted EPS of $(0.06), beating the estimate of $(0.23) by 73.91%. However, this is a 126.09% decrease from the same period last year. The company's quarterly sales of $60.98M also beat the estimate of $60.50M by 0.79%, but this is a 39.85% decrease from last year.
August 07, 2023 | 8:59 pm
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NEUTRAL IMPACT
MagnaChip's Q2 results beat estimates but show significant year-over-year decreases. This mixed performance could lead to uncertainty in the market.
While MagnaChip beat estimates for Q2, the significant decreases in both EPS and sales compared to the same period last year could lead to uncertainty among investors. This could potentially impact the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100