KIOXIA is trading at $7.28, down 19.65%, after its October–December profit outlook fell short of analyst expectations.
- October 30 quarterly operating profit was broadly in line with estimates.
- The company forecast October–December profit of ¥2 trillion, below analyst expectations of ¥2.32–¥2.35 trillion.
- Management said NAND price growth is slowing, with average selling prices expected to rise only by a low-single-digit percentage quarter over quarter.