8/106 sources · 6 publishersUpdated Oct 29, 09:58 UTC
Samsung Electronics Q3 earnings miss expectations, triggering a 4% stock drop and KOSPI slide
Samsung Electronics reported record third‑quarter profit but revenue of 195.25 trillion won fell short of forecasts and the company delayed details of its shareholder‑return plan. The stock closed down 4.13% at 232,000 won, pulling the KOSPI 1.24% lower to 5,937.66. Analysts said the lack of a concrete dividend and buyback schedule disappointed investors.
Why it matters
The share‑price decline reduces Samsung’s market value and drags the broader KOSPI lower, affecting investors holding the index or Samsung shares. The postponed shareholder‑return details may temper expectations for near‑term cash returns.
Key facts
- 1The KOSPI closed at 5,937.66, down 1.24% from the previous session. asiae.co.kr
- 2Samsung Electronics shares fell 4.13% to close at 232,000 won. finance.biggo.com
- 3Operating profit for the quarter was 107.44 trillion won, up 783.1% YoY. en.yna.co.kr
- 4Revenue was 195.25 trillion won, slightly below analysts’ forecasts. en.yna.co.kr
- 5Samsung outlined a shareholder‑return policy of up to 110 trillion won for the year, but deferred the timing of the cash dividend and buybacks. finance.biggo.com
- 6The company announced a cash dividend of 30 trillion won for the quarter, bringing total cash dividends for the year to 35 trillion won. news.sbs.co.kr
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.