LUXEMBOURG (AP) — LUXEMBOURG (AP) — Magnachip Semiconductor Corp. (MX) on Thursday reported fourth-quarter profit of $3 million.
The Luxembourg-based company said it had net income of 7 cents per share. Losses, adjusted for one-time gains and costs, were 36 cents per share.
The chip products maker posted revenue of $61 million in the period.
For the year, the company reported a loss of $8 million, or 18 cents per share, swinging to a loss in the period. Revenue was reported as $337.7 million.
For the current quarter ending in March, Magnachip said it expects revenue in the range of $55 million to $59 million.
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