Benzinga | Jul 30, 2020 04:08PM EDT

MagnaChip Semiconductor Q2 EPS $0.13 Beats $0.07 Estimate, Sales $204.73M Beat $118.60M Estimate

MagnaChip Semiconductor (NYSE:MX) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.07 by 85.71 percent. This is a 62.5 percent increase over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $204.73 million which beat the analyst consensus estimate of $118.60 million by 72.63 percent. This is a 0.20 percent decrease over sales of $205.15 million the same period last year.