Samsung falls as much as 6.2% despite 15-fold jump in chip profit
Samsung Electronics reported operating profit of 107.4 trillion won ($80 billion) in the July-September quarter, versus 12.2 trillion won a year earlier. The semiconductor division contributed 106.5 trillion won, about 15 times the prior-year level, though slightly below analyst expectations. Its shares fell as much as 6.2%: investors compared its memory shortage outlook, which it expects to last until 2028, with SK Hynix's, and the company postponed its new shareholder return policy until January.
In 40 seconds
- Consolidated operating profit of 107.4 trillion won, versus 12.2 trillion won in the same quarter a year earlier
- Semiconductor operating profit was 106.5 trillion won, about 15 times the prior-year figure but below the 107.3 trillion won analysts expected
- Samsung expects memory supply constraints until 2028, while SK Hynix projected shortages until 2030 and plans of about $75 billion for shareholders
Read the full story at Revista ADVFN
IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.
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