Analysts cut listed firms' Q3 earnings outlook despite stimulus
South Korean company
Seoul - Yonhap
Analysts have downgraded their third-quarter earnings outlooks for South Korean listed companies, saying it will take time for the government's stimulus package to have a significant impact on the economy, data showed Sunday.
As of Friday, the combined outlook for operating profits of 177 listed firms, for which three more brokerage houses have offered earnings forecasts, was 5.2 percent lower than a month earlier, the data by market tracker FnGuide showed.
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