Pixelworks sees Q2 EPS (16c)-(13c), consensus (7c)

Sees Q2 revenue $8M-$9M, consensus $16.5M. Sees Q2 gross profit margin 50%-52%. Sees Q2 operating expense $12.5M-$13.5M Says aiming to double IRX certified games by the end of the year. Says largest mobile company informed the company of reduction in demand and thus are pausing orders. Says pause is expected to be extended into Q3. Says next-generation processor production release will be pushed to later in the year. Comments and guidance taken from Q1 earnings conference call.