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CHEONGJU-SI, Korea, Republic Of (AP) — CHEONGJU-SI, Korea, Republic Of (AP) — Magnachip Semiconductor Corp. (MX) on Wednesday reported a loss of $16.3 million in its fourth quarter.
The Cheongju-Si, Korea, Republic Of-based company said it had a loss of 44 cents per share. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.
The chip products maker posted revenue of $63 million in the period.
For the year, the company reported a loss of $54.3 million, or $1.44 per share. Revenue was reported as $231.7 million.
For the current quarter ending in March, Magnachip said it expects revenue in the range of $42 million to $47 million.
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