[Special Stock] Samsung Electronics Falls on Weak Q3 Earnings
Apology Statement Posted on CEO's Official Website
Samsung Electronics, which announced its third-quarter earnings, is down more than 1%. After opening slightly lower, the decline is widening.
As of 10:26 a.m. on the 8th, Samsung Electronics is trading at 60,200 KRW, down 1.31% (4,200 KRW) from the previous day. At this time, foreign investors and institutions are net selling 19.287 billion KRW and 5.436 billion KRW, respectively.
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On this day, Samsung Electronics disclosed before the market opened that its third-quarter sales increased by 17.21% year-on-year to 79 trillion KRW, and operating profit rose by 274.49% to 9.1 trillion KRW. While sales reached an all-time high, operating profit fell significantly short of market expectations.
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