MagnaChip reports Q4 EPS (8c) vs 15c last year

Reports Q4 revenue $40.57M vs $51.153M last year. Camillo Martino, Magnachip’s (MX) CEO said, “Magnachip has a strong foundation in power semiconductors, built on decades of engineering expertise, trusted customer relationships, and a reputation for quality and reliability. Over the past year, we have taken deliberate actions to simplify the business, significantly reduce our cost structure, and sharpen our focus on power, while increasing investment in new-generation products where we can compete and win.”