SAN JOSE, Calif. (AP) _ Pixelworks Inc. (PXLW) on Tuesday reported a loss of $8.1 million in its first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 16 cents. Losses, adjusted for non-recurring costs, were 12 cents per share.
The maker of chips used in high-end digital video devices posted revenue of $9.3 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $2.93. A year ago, they were trading at $3.51.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PXLW at https://www.zacks.com/ap/PXLW
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