Samsung stock falls after record quarter as payout details slip to January

Samsung Electronics shares dropped 4.13% to 232,000 won on Thursday, even as its third-quarter operating profit surged almost nine-fold to a record 107.44 trillion won. Analysts blamed a payout plan delayed until January and a shortage forecast ending two years earlier than rival SK Hynix’s. Up to 75 trillion won in returns waits for a January board meeting The stock climbed early, then reversed to fall as much as 6.2% in morning trade. SK Hynix rose 0.7% in morning trade. Samsung’s operating profit for July-September was 107.44 trillion won, up 783.1% from 12.2 trillion won a year earlier. Revenue reached a record 195.25 trillion won, up 126.9%. Samsung says it’s the first tech company in the world to exceed 100 trillion won in quarterly operating profit.

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