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[EQUITIES] Daishin Securities expects SK hynix’s earnings growth to slow in Q3

By Korea Herald

Published : July 27, 2016 - 14:41

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[THE INVESTOR] Daishin Securities on July 27 forecast SK hynix will report a slower earnings growth in the third quarter due to a delay in its planned investment in 3-D NAND flash memory.

The brokerage put quarterly sales estimates at 4.94 trillion won (US$4.36 billion), with an operating profit of 484 billion won. 


Daishin also noted that second quarter net profit of 286 billion won missed market estimates by a wide mark, mainly on losses stemming from a stronger Korean currency.

The chipmaker’s first-quarter operating profit fell 67 percent on-year to 453 billion won to stay on target.

By Kim Ji-hyun (jemmie@heraldcorp.com)

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