Pixelworks sees Q3 EPS ($1.02)-(70c), consensus (60c)

Sees Q3 revenue $8.5M-$9.5M, consensus $12.87M. Sees Q3 gross profit margin 47%-49%. Sees Q3 operating expense $8.5M-$9.5M. Says confidently expects to see expanded presence of TrueCut Motion format and the brand in theaters worldwide. Says Universal Pictures’ Nobody 2 will be presented with TrueCut Motion. Says although the planned recovery in mobile revenue is taking a bit longer than previously anticipated, the company is still targeting for its Pixelworks (PXLW) Shanghai subsidiary to reach profitability as soon as Q4. Guidance and comments taken from Q2 earnings conference call.