DocMemory
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Wednesday, October 24, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Toshiba post record quarterly profit after chip unit sales


Thursday, August 09, 2018

Japan’s Toshiba Corp reported a record quarterly net profit on Wednesday, thanks to the $18 billion sale of its flash memory chip business earlier this year to a consortium led by U.S. private equity firm Bain Capital.

Toshiba said it posted a net profit of 1.02 trillion yen ($9.16 billion) for the April-June quarter, up from 50.33 billion yen a year before, as it booked 970 billion yen in gains from the deal to sell the world’s No. 2 producer of NAND chips.

That was above a consensus estimate of 570.29 billion yen from four analysts surveyed by Thomson Reuters I/B/E/S.

Toshiba maintained its profit forecast for the year ending March at 1.07 trillion yen, versus a consensus estimate of 1.11 trillion yen from 12 analysts. ($1 = 111.3500 yen

By: DocMemory
Copyright © 2018 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Samsung races into 7nm production with EUV process10/23/2018
LED prices fall10/23/2018
ARM cut prices on Cortex-A5 cores10/23/2018
With high dollars investment, China needs semiconductor telents10/23/2018
iPhone XR still available for launch date pre=order10/22/2018
Renesas offers design tool kit for autonomus driving10/22/2018
Western Digital offers 96-layer NAND fabricated at Toshiba Memory10/22/2018
Micron to buy out XPoint JV with Intel10/22/2018
Amazon closer to decision time on its second headquarters10/19/2018
Mass scaling of graphene material remains a question10/19/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved