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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

[EQUITIES] ‘Naver beats Q3 earnings expectations’

  • PUBLISHED :October 27, 2017 - 13:50
  • UPDATED :October 27, 2017 - 13:50
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[THE INVESTOR] Naver has posted an earnings surprise, said NH Investment and Securities on Oct. 27, raising the target price to 1 million won (US$885.90) from 950,000 won.

Its revenue in the third quarter reached 1.2 trillion won and operating profit was 312.2 billion won, approximately 6 percent higher than analyst estimates, noted analyst An Jae-min. Revenue from business platforms grew faster than expected and advertising sector remained stable while its subsidiary Line boosted the bottom line, he explained. 




Concerns over weak short-term earnings considering the heavy investments has been weighing down the stock price but fourth-quarter earnings guidance will alleviate this considerably, said An.

Its long-term policy to evolve into a technology platform company is fairly positive, added the analyst maintaining a “buy” recommendation.

By Hwang You-mee (glamazon@heraldcorp.com)

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