[
THE INVESTOR] Daishin Securities on July 27 forecast
SK hynix will report a slower earnings growth in the third quarter due to a delay in its planned investment in 3-D NAND flash memory.
The brokerage put quarterly sales estimates at 4.94 trillion won (US$4.36 billion), with an operating profit of 484 billion won.
Daishin also noted that second quarter net profit of 286 billion won missed market estimates by a wide mark, mainly on losses stemming from a stronger Korean currency.
The chipmaker’s first-quarter operating profit fell 67 percent on-year to 453 billion won to stay on target.
By Kim Ji-hyun (
jemmie@heraldcorp.com)