SK Hynix posts smaller-than-expected profit fall on strong server demand [Reuters]
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Source: Reuters
SK Hynix posts smaller-than-expected profit fall on strong server demand SEOUL (Reuters) - SK Hynix ( 000660.KS ), the world’s No.2 memory chip maker, posted a 41% fall in quarterly operating profit on Thursday, but beat analysts’ estimates as the virus-driven shift to working from home offset weak smartphone demand. South Korea’s SK Hynix, which counts Apple Inc ( AAPL.O ) and Huawei Technologies [HWT.UL] among its customers, reported an operating profit of 800 billion won ($649 million) in the January to March period, compared with a Refinitiv SmartEstimate of 474 billion won. First-quarter revenue rose 6% to 7.2 trillion won. ($1 = 1,232.3300 won)
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