MX $9.55 +1.30 (+15.76%) on 732,399 Above Avg. earnings bump BRIEF-Magnachip Q1 gaap earnings per share $1.05 5:12 PM ET, 05/03/2017 - Reuters May 3 (Reuters) - Magnachip Semiconductor Corp: * Magnachip reports first quarter 2017 financial results * Q1 gaap earnings per share $1.05 * Q1 revenue rose 9.2 percent to $161.7 million * Sees Q2 2017 revenue $162 million to $168 million * Magnachip Semiconductor Corp - believes it remains on track to complete planned workforce reduction within its cash cost range of $29-33 million * Magnachip Semiconductor Corp - "continue to anticipate that our gross profit margin and adjusted EBITDA will show improvement in 2017" * Magnachip Semiconductor Corp sees Q2 gross profit is anticipated to be in range of 25% to 27% Source text for Eikon: Further company coverage: stockcharts.com/c-sc/sc?chart=MX,uu[g,a]declyiay[db][pb14!b5!b9!f!b20!b50!b200!][iut!][vc10!c20!c50][j30525747,y]&r=7623 stockcharts.com/c-sc/sc?chart=MX,uu[g,a]declyiay[dc][pb14!b5!b9!d!f!b50!b200!][ilC!ue12,26,9!ul14!lh14,3!lI!lo14!lf14!][vc10!c20!c50][j30525747,y]&r=7623 finviz.com/chart.ashx?t=MX&ty=c&ta=1&p=d&s=l finviz.com/chart.ashx?t=MX&ty=c&ta=0&p=m&s=l