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Magnachip: 4Q Earnings Snapshot

LUXEMBOURG (AP) _ Magnachip Semiconductor Corp. (MX) on Thursday reported a fourth-quarter loss of $2.4 million, after reporting a profit in the same period a year earlier.

The Luxembourg-based company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs, were 10 cents per share.

The chip products maker posted revenue of $179.4 million in the period.

For the year, the company reported a loss of $3.9 million, or 11 cents per share, swinging to a loss in the period. Revenue was reported as $750.9 million.

For the current quarter ending in April, Magnachip said it expects revenue in the range of $150 million to $155 million.

Magnachip shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $6.98, a decrease of 26 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