Samsung expects disappointing Q4, 2024 earnings on chip slump

Samsung Electronics expects to fall short of the market consensus on operating profit at 32.73 million won despite on-year improvement as the global chip and smartphone slowdown hit the tech giant's bottom line.

2025-01-08

SK Telecom net profit down 9 percent to $202 million in third quarter

SK Telecom, Korea's leading mobile carrier, said Wednesday that its third quarter net profit had decreased 9.1 percent from a year earlier due to an increase in nonoperating costs.

2024-11-06

Coupang posts weak retail sales despite record-high quarter

Coupang achieved a record $7.87 billion in Q3 revenue, despite earnings missing Wall Street expectations.

2024-11-06

NCsoft sinks to red from July-September on expenses for new releases, updates

NCsoft reported a net loss of $19.3 million in the third quarter due to expenses related to new game rollouts and massive updates.

2024-11-04

Samsung misses earnings expectations despite 277% surge

Samsung Electronics posted weaker-than-expected earnings of 9.18 trillion won ($6.65 billion) for the July-September period, citing one-off costs such as incentive distributions, the Korean chip giant said on Thursday.

2024-10-31

Samsung Electronics Q2 earnings: chips rebound, but smartphones slow down

Samsung Electronics' chip business logged 6.5 trillion won ($4.7 billion) in profit during April-June period, turning around from a loss of 4.4 trillion won from a year before, as recovery in memory chip demand continued propelled by the AI frenzy.

2024-07-31

LG posts 61% surge in Q2 operating profit to $869 million on core businesses

LE Electronics posted 1.2 trillion won in operating profit in the second quarter of the year, driven by its household appliance and automobile component businesses.

2024-07-25

LG Electronics predicts 61.2% jump in Q2 operating profit

LG Electronics forecasts a 61.2 percent on-year increase in operating profit for the second quarter, setting records for revenue and operating profit in the fiscal period.

2024-07-05

Korean Air reports 5 percent increase in Q1 operating profit

Korean Air reported a 5 percent on-year increase in first quarter operating profit due to recovery in passenger traffic and robust cargo demand but still underperformed market expectations.

2024-05-08

Coupang loses $24 million in Q1 as AliExpress, Temu expand

Coupang posted net loss for the first quarter of 2024 as its profits eroded, partially due to intensifying competition with Chinese competitors like AliExpress and Temu.