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Samsung Stocks Fall 2.4% Despite Record ?107.4 Trillion Profit
GuruFocus ·
GuruFocus reports: Samsung Electronics (SSNLF), the memory and consumer-electronics giant, closed down 2.4% at ?262,000 at the October 8 Seoul close, despite projecting record quarterly operating profit. Big earnings. A falling stock. Investors want more than a headline numberthey want to know how long the boom can last. Samsung's preliminary guidance puts sales at ?195 trillion and operating profit at ?107.4 trillion, increases of 126.6% and 782.5%, respectively. That works out to a 55.1%…