Pixelworks sells off following EPS miss, light guidance

|By:, SA News Editor

With shares up strongly from year-ago levels going into its Q4 report, Pixelworks (PXLW -7.5%) sold off in response to a $0.01 EPS miss and somewhat light guidance.

On its CC (transcript), the video processor developer guided (while citing seasonality) for Q1 revenue of $12M-$14M; the sole analyst covering the company has forecast revenue of $13.8M.

CEO Bruce Walicek reiterates a major chip co-development project will generate significant revenue in 2H14. A smaller amount of revenue is expected from the project in 1H14.