Pixelworks (PXLW) Posts Smaller-than-Expected Q4 Loss

Pixelworks (NASDAQ: PXLW) reported Q4 EPS of ($0.06), $0.08 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $15.1 million versus the consensus estimate of $15.1 million.

“2014 was a year of strong growth, with product revenues up 44% over 2013, as well as numerous milestone achievements for Pixelworks,” said Bruce Walicek, President and CEO of Pixelworks. “Most recently, we have continued to ramp shipments of our co-development chip and are also seeing great customer engagement activity for our Iris product line of display processors, which is targeted at a wide range of mobile applications. As we look to 2015, we expect another year of significant growth in our core business supported by exceptional interest in Pixelworks’ technology for video processing across various applications and display sizes.”

For earnings history and earnings-related data on Pixelworks (PXLW) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• AXT appoints Tracy Liu to its board of directors
• KeyBanc Downgrades Primoris Services Corporation (PRIM) to Sector Weight