Samsung Shares Slide 4% Despite Almost Ninefold Profit Jump
8 Articles
8 Articles
Samsung Electronics' stock price is plunging 4% following the announcement of shareholder returns. As a result, the KOSPI index, which had been trading in slightly positive territory, widened its losses and fell to the 5,800 level. As of 10:45 AM on the 29th, the KOSPI index was trading at 5,852.27, down 160.17 points (2.66%) from the previous trading day. The index, which had been searching for direction around the 6,000 mark, reversed course f…
The worldwide demand for chips needed for artificial intelligence has led to a significant increase in the net profit of Samsung Electronics, which increased six times in the third quarter, reaching 50 billion euros, announced Thursday South Korean giant, according to AFP, quoted by hotnews.ro.
The profits of the semiconductor sector of Samsung Electronics jumped about 15 times during the third quarter to record 106.5 trillion won, driven by the surge in demand for chips...
Samsung Electronics shares fell more than 5% on Thursday despite the company reporting record profits and revenues, as investors were disappointed by the delay in details of shareholder returns. The company's operating profit exceeded 100 trillion won (US$74.52 billion) in the quarter, making it the first major global technology company to surpass this level. However, the strong results failed to lift the stock. [The article "Samsung Shares Fall…
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