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Magnachip: 3Q Earnings Snapshot

LUXEMBOURG (AP) _ Magnachip Semiconductor Corp. (MX) on Tuesday reported third-quarter net income of $17.2 million.

The Luxembourg-based company said it had net income of 41 cents per share. Earnings, adjusted for non-recurring gains, came to 32 cents per share.

The chip products maker posted revenue of $206 million in the period.

For the current quarter ending in December, Magnachip said it expects revenue in the range of $174 million to $184 million.

Magnachip shares have decreased 17 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.24, a fall of 22 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