Kioxia expects third-quarter operating profit of ¥2 trillion, below market expectations.

BlockBeats news, October 30 - Kioxia expects third-quarter operating profit of ¥2 trillion, below the market expectation of ¥2.35 trillion; it expects operating profit of ¥5.26 trillion for the first nine months, with net profit of ¥3.56 trillion.

In addition, the company plans to pay an interim dividend of ¥90 per share. The financial report shows that Kioxia's second-quarter operating profit was ¥1.99 trillion, above the market expectation of ¥1.95 trillion; net profit was ¥1.36 trillion, slightly below the market expectation of ¥1.37 trillion.

Correction/Report

RelatedRecommended

SK Hynix sold a year's worth of revenue in a single quarter, but why did net profit decline?

The company said its stock price is undervalued.

Kioxia's profit margin approaches 80%, JPMorgan Chase raises its target price to ¥155,000

Kioxia Swallows AI Storage as NAND Price Hike Pays Off

Micron's Most Profitable Quarter Ever, Yet Still "Below Expectations"? Micron Technology Inc. reported its most profitable quarter ever, with a net income of $1.6 billion for the third quarter. However, the company's stock fell as the results were below analysts' expectations.

Morgan Stanley Deciphers Iron Man: BiCS-10 Production Commences, Can the 32% Overhead Space Be Realized?

BiCS-10 is not a short-term catalyst, AI SSD is the mid-term mainstream

Citi Analysis: KnightX Target Price Doubled, NAND Shortage Could Last Until 2027

Data Center SSD Demand Heats Up, Citigroup Bets on Kapex's High-Profit Cycle Extension

Kioxia expects third-quarter operating profit of ¥2 trillion, below market expectations.

Intel hit by another pre-market sell-off, profitable whale further increases short position by $4.5 million

A certain whale increased short positions on stock index futures in pre-market trading, with the scale reaching $10 million.

Trader Loracle today added short positions worth approximately $48.4 million in altcoins and tech stocks.

Intel plunges in pre-market trading; on-chain major short seller adds to short position, with total position around $7.81 million.