SK Hynix Q2 Profit Misses Expectations, Stock Drops 9.6%
On Wednesday, SK Hynix announced unprecedented quarterly results, revealing a staggering 557% increase in operating profit compared to the previous year, reaching 60.54 trillion won for the second quarter. However, these results did not meet analysts' forecasts, leading to a 9.6% decline in the company's stock.
Key facts
- SK Hynix reported record quarterly results on Wednesday
- Operating profit surged 557% year on year to 60.54 trillion won in Q2
- Figures fell short of analyst expectations
- Company's stock dropped 9.6%
Entities
Institutions
- SK Hynix
Sources
- Quartz —