MagnaChip Semiconductor Sees Q4 Sales $59.000M-64.000M vs $61.00M Est
Portfolio Pulse from Benzinga Newsdesk
MagnaChip Semiconductor projects Q4 sales between $59 million and $64 million, slightly below the $61 million estimate.
October 30, 2024 | 8:10 pm
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NEGATIVE IMPACT
MagnaChip Semiconductor's Q4 sales forecast of $59M-$64M is slightly below the $61M estimate, indicating potential revenue challenges.
The company's projected sales range is slightly below the market estimate, which may lead to a negative short-term impact on the stock price as it suggests potential revenue challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100