Changxin Memory Technologies shares fall 6.5% despite outlook for improved profitability
SKHY SK Hynix Inc ADR
$136.49 -6.58%
View chart & analysis → - 1CXMT shares fell 6.5% on Monday.
- 2CXMT is projected to record 132.5 billion yuan for the January-September period, within the expected net profit range of 131 billion yuan (approximately 19.58 billion dollars).
- 3CXMT is expected to record between approximately 265 billion yuan and 270 billion yuan in revenue for the January-September period.
So what's the key point?
Changxin Memory Technologies' stock price dropped 6.5%. The share price went down even though profits and revenue are expected to be higher than what experts predicted.
Source CNBC +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.