Samsung Stock Falls 3% Even as Profit Tops $80 Billion: Is a Record Quarter Not Enough?

Samsung shares fell 2.69% to 235,500 won by 10:11 a.m. Korea time on Thursday, shortly after the company reported a record quarterly operating profit of KRW 107.4 trillion, about $80 billion. The stock had traded higher before the release, adding to a 9% gain on Wednesday that followed SK Hynix’s own record quarter. It turned lower once the results came out at 10:00 a.m. Samsung had already estimated the same profit total on October 8, so the new information on Thursday was in how each division performed. Follow us on X to get the latest news as it happens Chips Earned Nearly Every Won Revenue reached KRW 195.3 trillion, up 14% from the previous quarter , according to Samsung’s results .

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