Samsung Elec shares down 3 percent on weaker earnings outloo

Home Forums Samsung Elec shares down 3 percent on weaker earnings outloo

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    Anonymous

    Technology News

    Models pose with Samsung Electronics' Ultra HD LCD televisions during World IT show 2013 at the Coex convention centre in SeoulSEOUL (Reuters) – Shares in Samsung Electronics Co Ltd slumped 3 percent to nine-month lows on Wednesday, as investors braced for weaker-than-expected earnings from the smartphone maker for the April-to-June period. Shinhan Investment Corp joined a number of brokerages in cutting its target price for the South Korean technology giant, forecasting smartphone shipments and earnings would be less than it had previously expected. Samsung Electronics shares were set to fall for a sixth consecutive session. They were down 3.1 percent to 1,257,000 Korean won ($1,100) as of 11:43 p.m. …


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