[Asia Economy Reporter Lee Seon-ae] Despite Samsung Electronics announcing record-breaking first-quarter earnings on the 7th, its stock price still remains in the '60,000 won range,' hitting a 52-week low.
On that day, Samsung Electronics' stock price fell to 68,100 won immediately after the market opened, setting a new 52-week low. The previous day, it closed at 68,500 won, the lowest closing price this year. The last time Samsung Electronics' stock price closed in the 68,000 won range was on October 13 of last year (68,800 won).
In fact, despite the first-quarter earnings surprise, the stock price showed no reaction. Before the market opened, Samsung Electronics announced that its consolidated operating profit for the first quarter of this year was preliminarily estimated at 14.1 trillion won, a 50.32% increase compared to the same period last year. This exceeds the average operating profit forecast of 13.0849 trillion won by securities firms compiled until the previous day. Sales reached 77 trillion won, up 17.76% from the same period last year, marking the highest ever for a first quarter. This is the first time quarterly sales have exceeded 70 trillion won.
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