Third quarter earnings outlook trimmed on Samsung
Samsung Electronics
Seoul - Yonhap
The earnings outlook for South Korea's listed firms was trimmed for the current quarter as Samsung Electronics Co., the country's top market cap, is likely to suffer another earnings shock, the latest data showed Monday.
The operating profit estimate for 165 listed companies was reduced by 6.1 percent for the July-September period to 29.53 trillion won (US$28.2 billion) as of Friday from an estimate of 31.44 trillion won a month ago, according to the data compiled by financial information provider FnGuide.
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