[Featured Stock] Classys Soars Over 8% on Strong 3Q Earnings

[Asia Economy Reporter Kwon Jae-hee] Clasis, a medical device company specializing in skin beauty, is showing a strong performance with an 8% increase in the early trading session on the 10th. This surge in stock price appears to be driven by strong third-quarter earnings.

As of 9:56 AM on the 10th, Clasis is trading at 18,400 KRW on the KOSDAQ market, up 8.24% compared to the previous trading day. During the session, Clasis's stock price rose as much as 9.71% to 18,650 KRW before giving up some of the gains.

The stock price strength of Clasis is attributed to the recently announced third-quarter results, which recorded an 'earnings surprise.' Clasis's third-quarter consolidated operating profit increased by 31% year-on-year to 17.5 billion KRW. Revenue for the same period rose 36% to 33.3 billion KRW. Both revenue and operating profit exceeded market consensus by 9% and 20%, respectively.

Won Jae-hee, a researcher at Shinhan Investment Corp., said, "The fourth quarter is a seasonal peak period with high demand for equipment, and with the full-scale export of Shrink Universe to Brazil and the expansion of paid domestic consumable customers, it is expected to achieve the highest quarterly performance."

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