Pixelworks Inc reports results for the quarter ended March 31 - Earnings Summary

• Pixelworks Inc PXLW.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of three analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -12 cents to -11 cents per share.

• Revenue fell 55.8% to $7.09 million from a year ago; analysts expected $7.43 million.

• Pixelworks Inc's reported EPS for the quarter was a loss of 13 cents​.

• The company reported a quarterly loss of $7.76 million.

• Pixelworks Inc shares had fallen by 9.0% this quarter and lost 21.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Pixelworks Inc is $1.50

This summary was machine generated from LSEG data May 13 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)