Samsung shares slide as CFO admits Q2 “doesn’t look too good”
The WSJ reports that Samsung stock fell 1.9 percent as chief financial officer Lee Sang-hoon admitted that the company’s quarter two performance “doesn’t look too good.”
The comments were enough to drive down the stock price. Samsung Electronics’ stock fell 1.9% to 1,320,000 won (US$1,296.4) as concerns over slowing profit growth reignited. Shares have fallen 8.5% so far this month, hit by a series of downgrades in earnings forecasts for the world’s largest seller of smartphones …
