Is SK Hynix Stock a Buy After Its Latest Earnings Report?
The company reported a 557% annual increase in operating income in the second quarter.
Overview
The South Korean memory chipmaker SK Hynix (NASDAQ:SKHY) has been one of the hottest stocks in the market this year.
The company’s South Korean shares are up roughly 115% this year, and that’s after a nearly 47% pullback over the past month.
Details
Recently, the company delivered strong second-quarter earnings results. SK Hynix reported $42 billion of operating income and roughly $54.4 billion in revenue, which is 257% higher year over year.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.