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MagnaChip up on product mix

The analog and mixed-signal chip maker said Q1 EPS jumped 29% to 53 cents, topping views by 6 cents. MagnaChip Semiconductor (MX) revenue climbed 16% to $205.3 mil, largely in line. It said product mix helped even though demand from the smartphone sector was weaker than expected. It guided Q2 revenue of $210 mil-$220 mil vs. views for $217.5 mil. Shares rose 1.3%.