Pixelworks reports Q2 adjusted EPS ($1.00), consensus ($1.12)

Reports Q2 revenue $8.3M, consensus $8.5M. “Second quarter financial results were within guidance and reflected our expectations for a return to sequential revenue growth,” stated Todd DeBonis, President and CEO of Pixelworks (PXLW). “Gross margin for the quarter was more favorable than anticipated, and we also continued to realize increased benefits from our previously taken actions to reduce operating expenses and streamline our overall cost structure. As a result, we delivered significant sequential and year-over-year improvement in our second quarter operating results.