U.S. Markets closed

Magnachip: 2Q Earnings Snapshot

LUXEMBOURG (AP) _ Magnachip Semiconductor Corp. (MX) on Monday reported a loss of $21.5 million in its second quarter.

On a per-share basis, the Luxembourg-based company said it had a loss of 62 cents. Earnings, adjusted for non-recurring costs, came to 23 cents per share.

The chip products maker posted revenue of $199.7 million in the period.

For the current quarter ending in October, Magnachip said it expects revenue in the range of $200 million to $210 million.

Magnachip shares have climbed 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.25, a drop of nearly 1 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MX at https://www.zacks.com/ap/MX