KIOXIA is trading 10.39% down at $6.73 after its December-quarter operating-profit forecast fell short of analyst expectations.
- The company forecast about ¥2 trillion, versus a ¥2.35 trillion consensus, suggesting little growth from the September quarter despite recent record results.
- Bloomberg reported the cautious outlook raised concerns about demand leveling off; slower NAND price growth and shipment timing also weighed on expectations.