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SK Hynix Stock Falls 9% on Tuesday as Quarterly Profit Misses Forecast

2026-07-29 06:27:30

SKHY-9.12%

SK Hynix shares closed Tuesday at $130.17, falling 8.98% or $12.85, after the South Korean memory-chip manufacturer reported quarterly operating profit of 60.5 trillion won (approximately $42 billion) and revenue of 79.3 trillion won, both falling short of analyst expectations of 64.2 trillion won and 83.9 trillion won respectively, despite year-on-year growth of 557% and 1,242% in net income.

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