Magnachip Sees Q3 Revenue $59M-$65M v $73.9M Est.
Portfolio Pulse from Benzinga Newsdesk
Magnachip Semiconductor Corp. (MX) has projected its Q3 revenue to be between $59M and $65M, which is lower than the estimated $73.9M.
August 07, 2023 | 9:26 pm
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Magnachip's lower than expected Q3 revenue forecast could negatively impact its stock price.
Companies' stock prices often react to their earnings forecasts. In this case, Magnachip's lower than expected Q3 revenue forecast could lead to a decrease in its stock price as it indicates potential financial instability or underperformance.
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