On August 3, KIOXIA HLDGS CORP rose 6.82% in pre-market trading, trading at $29.695/share, with turnover of $108,400.
The movement is driven by the company's previously announced capital return package that continues to lift investor sentiment. Alongside its latest earnings release, KIOXIA HLDGS CORP unveiled a massive 8,000 billion yen stock buyback plan and a 3-for-1 stock split, with the scale of capital return exceeding market expectations.
On the earnings front, the company reported fiscal Q1 revenue of 1.77 trillion yen, up 415% year-over-year, while net income surged 4,506% to 842.17 billion yen. Although profits came in slightly below consensus estimates, the company guided Q2 revenue to grow 35% sequentially to 2.39 trillion yen, citing robust data center AI demand. The stock had surged over 31% intraday on July 31 when the earnings were first released, and the buyback and split announcements continue to provide sustained upside momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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