MagnaChip-Magnachip (MX) Reports Q2 Loss, Tops Revenue Estimates

Magnachip (MX) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of$ 0.32. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 34.38%. A quarter ago, it was expected that this chip products maker would post a loss of$ 0.33 per share when it actually produced a loss of $0.28, delivering a surprise of 15.15%. Over the last four quarters, the company has su ...