Pixelworks (PXLW) shares are down sharply after the company late yesterday posted Q1 results.
For the quarter, the company reported revenue of $18.7 million, which it said was in the mid-range of guidance. Revenue was up 73% from a year ago, but down 3% from Q4. On a non-GAAP basis, the company earned 37 cents a share in the quarter.
For Q2, the video chip company sees revenue of $17.5 million to $19 million, with non-GAAP EPS ranging from positive 4 cents to a loss of 16 cents.
I can’t find any published estimates on the company, but I think it is safe to say that the results were less than spectacular.
PXLW is down 87 cents, or 15.5%, to $4.75.
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