Samsung Electronics Misses Revenue Forecast at 171 Trillion Won, Stock Falls 6.9% on July 7

According to Morningstar analyst Jing Jie Yu, Samsung Electronics' revenue forecast of 171 trillion won fell short of market expectations on July 7, despite operating profit meeting guidance. The shortfall was attributed to weaker-than-expected DRAM price increases, disappointing investors who anticipated structural strengthening in memory chip prices. The stock closed down 6.9% following the announcement.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments