Kioxia Shares Drop 15.78% After Forecasting 0.8% Quarter-Over-Quarter Revenue Growth
Photo: TokenPost
Kioxia shares fell 15.78% to 11,345 yen at the Tokyo close Monday as the Japanese memory maker forecast October-December revenue growth of 0.8% from the previous quarter, after sales rose 40.3% in July-September. The close came at 1:30 a.m. ET (06:30 UTC). The stock’s closing price was its lowest since late April and about 70% below its split-adjusted intraday high of 37,566 yen on June 22. Shares had also fallen 7.14% Friday, Oct. 30, the day Kioxia released its first-half results after the Tokyo market closed.
Source: TokenPost
