Shares of South Korean chipmaker SK Hynix (SKHY) jumped after the company reported record third-quarter earnings that beat Wall Street expectations.

The stock closed 10.89% higher in South Korea, while its U.S.-listed ADRs rose more than 12% on Wednesday, Oct. 28.

SK Hynix reported quarterly revenue of 104.62 trillion won ($78.86 billion), beating analysts’ estimates of 98.34 trillion won, according to LSEG data pulled by CNBC.

Operating profit reached 83.33 trillion won, above expectations of 76.72 trillion won.

Revenue surged 327.9% from a year earlier, while operating profit jumped 632.1%. Both figures reached record highs, with quarterly sales exceeding 100 trillion won for the first…