SAN JOSE, Calif. (AP) _ Pixelworks Inc. (PXLW) on Thursday reported a loss of $2.4 million in its second quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The maker of chips used in high-end digital video devices posted revenue of $18 million in the period.
For the current quarter ending in October, Pixelworks said it expects revenue in the range of $17.5 million to $18.5 million.
In the final minutes of trading on Thursday, the company's shares hit $3.08. A year ago, they were trading at $3.23.