SEOUL (Reuters) – SK Hynix, the world’s No.2 memory chip maker, posted a 66% jump in first-quarter profit on Wednesday as continued stay-at-home demand for devices in the coronavirus pandemic drove strong appetite for chips.
That compares with a Refinitiv Smartestimate of a 1.4 trillion won profit, drawn from 20 analysts. The Smartestimate gives more weight to consistently accurate analysts.
First quarter revenue rose 18% on-year to 8.5 trillion won.
($1 = 1,113.1700 won)
(Reporting by Joyce Lee; Editing by Richard Pullin)