Business & Finance
Samsung Electronics Shares Slide After Return Plan Is Delayed
Key Points
Samsung Electronics Shares Slide After Return Plan Is Delayed Samsung Electronics Co. shares reversed earlier gains to slide as much as 6.6% as the lack of a new shareholder return plan in its earnings disappointed investors. The Korean chipmaker said it will announce the plan at the end of January, a contrast with its peer SK Hynix Inc. that delivered a blockbuster earnings report Wednesday along with its intention to return about $45 billion more to shareholders. Sentiment toward Samsung...
Samsung Electronics Shares Slide After Return Plan Is Delayed
Samsung Electronics Co. shares reversed earlier gains to slide as much as 6.6% as the lack of a new shareholder return plan in its earnings disappointed investors.
The Korean chipmaker said it will announce the plan at the end of January, a contrast with its peer SK Hynix Inc. that delivered a blockbuster earnings report Wednesday along with its intention to return about $45 billion more to shareholders. Sentiment toward Samsung was also hurt as profit from the company’s chip operations missed estimates and capital expenditure expanded.