[Special Stock] Naver Rises Strongly on Q1 Earnings Surprise
NAVER recorded an earnings surprise in the first quarter of this year, leading to a strong performance in its stock price.
As of 9:23 AM on the 3rd, NAVER's stock is trading at 192,100 KRW, up 3,300 KRW (1.75%) from the previous day.
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The strong first-quarter earnings are interpreted as the reason for the stock price increase. On this day, NAVER announced that its first-quarter sales reached 2.5261 trillion KRW, and operating profit was 439.3 billion KRW. These figures represent increases of 10.8% and 32.9%, respectively, compared to the same period last year, exceeding market expectations. According to financial information provider FnGuide, NAVER's first-quarter earnings consensus (average forecast by securities firms) was sales of 2.4955 trillion KRW and operating profit of 389.5 billion KRW.
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