LUXEMBOURG (AP) _ Magnachip Semiconductor Corp. (MX) on Tuesday reported a loss of $9.5 million in its second quarter.
The Luxembourg-based company said it had a loss of 28 cents per share. Earnings, adjusted for non-recurring costs, were 8 cents per share.
The chip products maker posted revenue of $205.1 million in the period.
For the current quarter ending in October, Magnachip said it expects revenue in the range of $220 million to $230 million.
Magnachip shares have climbed 71% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10.60, a drop of slightly more than 5% in the last 12 months.