Samsung falls by around 10% after reporting results below consensus, despite 19-fold increase in operating profit
Report by Renta 4 European markets opened lower (Eurostoxx 50 futures down 0.4%, S&P 500 down 0.3%, Nasdaq 100 down 1%), dragged down by Asian markets, notably the South Korean Kospi index, which fell by more than 7% following the publication of Samsung’s preliminary Q2 figures (full results expected on 30 July) which, despite operating profit having increased nineteen-fold, fell short of the highest consensus estimates and caused the memory…








