[Special Stock] Samsung Electronics, Stock Price Holds Firm Despite Q3 Earnings Shock

[Asia Economy Reporter Hwang Yoon-joo] Despite Samsung Electronics recording an earnings shock in the third quarter, it is showing a firm upward trend. This is interpreted as the market shock not being significant because the poor performance was forecasted in advance on the 7th.

As of 10:01 AM on the 27th, Samsung Electronics is trading at 59,500 KRW, up 0.17% (100 KRW) from the previous day.

On this day, Samsung Electronics announced that its third-quarter operating profit decreased by 31.39% year-on-year to 10.852 trillion KRW. Revenue increased by 3.79% to 76.7817 trillion KRW, while net profit fell by 23.62% to 9.3892 trillion KRW. Although the external scale slightly expanded, the internal fundamentals weakened.

However, the decline in operating profit was less than the previously forecasted figure. On the 7th, Samsung Electronics disclosed that the third-quarter operating profit and revenue were expected to be 10.8 trillion KRW and 76 trillion KRW, respectively.

By business division, the decrease in operating profit in the DS division, which leads the core semiconductor business, is notable. The DS division's third-quarter operating profit was 5.12 trillion KRW, a sharp drop of 46.3% (4.95 trillion KRW) compared to 10.07 trillion KRW in the third quarter of last year. This is about 1 trillion KRW lower than securities firms' forecasts (around 6 trillion KRW). Memory semiconductors, which saw declines in both demand and sales prices, also recorded revenue of 15.23 trillion KRW, down 27% compared to the same period last year.

Meanwhile, Samsung Electronics closed higher for four consecutive trading days from the 21st to the previous day (26th). The stock price has risen from 55,900 KRW to the current 59,700 KRW, approaching 60,000 KRW.

This content was produced with the assistance of AI translation services.