Major Corporate News: SK hynix Strong Earnings and Robinhood Stock Decline
SKHY SK Hynix Inc ADR
$131.79 -4.30%
View chart & analysis → - 1SK hynix recorded an increase of more than 4 times in SK hynix revenue and an increase of more than 600% in SK hynix operating profit this quarter.
- 2Seagate beat earnings expectations but its stock price fell by more than 2% this morning.
- 3Goldman Sachs adjusted its price target for Robinhood from $145 to $128.
So what's the key point?
SK hynix saw a massive increase in revenue and operating profit. Seagate earned well but its stock price fell by over 2%, and experts lowered the price they expect Robinhood stock to reach.
Source CNBC · View original ↗
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