MagnaChip Semiconductor Q3 2023 Adj EPS $(0.04) Beats $(0.17) Estimate, Sales $61.24M Miss $61.83M Estimate
Portfolio Pulse from totan@benzinga.com
MagnaChip Semiconductor (NYSE:MX) reported Q3 2023 adjusted EPS of $(0.04), beating the estimate of $(0.17) by 76.47%. However, the company's sales of $61.24M missed the estimate of $61.83M by 0.95%. Compared to the same period last year, the company's earnings decreased by 300% and sales decreased by 13.98%.
November 02, 2023 | 9:27 pm
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MagnaChip Semiconductor's Q3 2023 earnings beat estimates but sales missed. Earnings and sales are down compared to the same period last year.
MagnaChip's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and both earnings and sales are down year-over-year, which is negative for the stock. The net effect is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100