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Samsung Stocks Hold Flat After Profit Vaults Nearly Ninefold
GuruFocus ·
GuruFocus reports: Samsung Electronics (SSNLF), the memory and consumer-electronics manufacturer, estimated third-quarter operating profit of ?107.4 trillion on sales of ?195 trillion, while its shares closed at ?262,000, down 2.42% in Seoul on October 8. Huge earnings. A falling stock. Investors still need a reason to believe this profit surge can last. According to Yonhap, the preliminary operating-profit estimate represents a 782.5% jump from a year earlier. Samsung's projected figures…