MagnaChip Semiconductor: Q1 Earnings Insights

MagnaChip Semiconductor MX reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

MagnaChip Semiconductor beat estimated earnings by 16.67%, reporting an EPS of $0.28 versus an estimate of $0.24.

Revenue was down $18.93 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 0.75% drop in the share price the next day.

Here's a look at MagnaChip Semiconductor's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.28	0.22	0.20	0.14
EPS Actual	0.31	0.42	0.15	0.22
Revenue Estimate	122.30M	126.93M	129.63M	121.70M
Revenue Actual	110.33M	127.00M	113.88M	123.02M

To track all earnings releases for MagnaChip Semiconductor visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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