CHEONGJU-SI, Korea, Republic Of (AP) — CHEONGJU-SI, Korea, Republic Of (AP) — Magnachip Semiconductor Corp. (MX) on Monday reported a loss of $8.9 million in its first quarter.
On a per-share basis, the Cheongju-Si, Korea, Republic Of-based company said it had a loss of 24 cents. Losses, adjusted to account for discontinued operations and stock option expense, came to 10 cents per share.
The chip products maker posted revenue of $44.7 million in the period.
For the current quarter ending in June, Magnachip said it expects revenue in the range of $45 million to $59 million.
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