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SK Hynix shares jump after Q3 results beat forecasts
October 24, 2012 / 1:15 AM / in 5 years

SK Hynix shares jump after Q3 results beat forecasts

SEOUL, Oct 24 (Reuters) - South Korea’s SK Hynix Inc shares jumped 3.5 percent after it booked a smaller-than-expected quarterly operating loss on Wednesday.

The world’s No. 2 maker of computer memory chips posted an operating loss of 15 billion won ($13.6 million) for the three months ended September, helped by an increase in shipments of chips for mobile devices like Apple Inc’s iPad and iPhone.

The results beat a consensus forecast for an operating loss of 57 billion won from 15 analysts surveyed by Reuters. (Reporting by Joyce Lee; Editing by Edwina Gibbs)

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