SK Hynix U.S. Shares Rise 8.14% as Quarterly Profit Jumps 632%
Photo: TokenPost
SK hynix's Nasdaq-listed American depositary shares (SKHY) rose 8.14% to $157.19 in premarket trading at 4:13 a.m. ET (0813 UTC) Wednesday, Oct. 28, after the chipmaker posted a 632% year-over-year jump in preliminary third-quarter operating profit. The shares had closed at $145.36 on Oct. 27. For July-September, operating profit was 83.3338 trillion won, compared with 11.3834 trillion won a year earlier. Revenue climbed 328% to 104.6155 trillion won, while operating margin reached 80%. SK hynix said both revenue and operating profit set quarterly records, with sales exceeding 100 trillion won for the first time.
Source: TokenPost
