Global Sources
EE Times-India
Stay in touch with EE Times India
EE Times-India > Memory/Storage

Hynix profit below analyst expectations, says report

Posted: 24 Jul 2006     Print Version  Bookmark and Share

Keywords:Hynix Semiconductor  memory chip 

Memory chip maker Hynix Semiconductor Inc. posted a 36 per cent increase in quarterly net income, but the profit of Rs.1.560.51 crore ($338.8 million) (324.4 billion won) came in below analyst expectations, according to a Reuters report last week (July 19).

Hynix said strong shipments of memory chips offset price declines in NAND flash memory during the quarter, which ended June 30, according to the report.

A Reuters survey of analysts who follow indicated that analysts expected Hynix to report a net income of around 35800 crore (358 billion) won, according to the report.

Last week, Hynix rival Samsung Electronics Co. Ltd. reported a second consecutive in quarterly drop operating profit, this time of 12.1 per cent.

- EE Times

Comment on "Hynix profit below analyst expectati..."
*  You can enter [0] more charecters.
*Verify code:


Visit Asia Webinars to learn about the latest in technology and get practical design tips.


Go to top             Connect on Facebook      Follow us on Twitter      Follow us on Orkut

Back to Top