Poor Performance
It has been found that approximately 80% of the listed companies that have come up with their earnings estimates for Q4 2013 have posted less-than-expected business results for the quarter.
In addition, investors are somewhat negative about the Q1 2014 results of the other 20% that showed higher-than-expected performances.
According to financial information provider FnGuide, 25 listed companies have announced their tentative earnings for the last quarter of 2013 so far, and just five of them – LG Life Sciences, KT&G, Hyundai Mobis, LG Electronics and LG Display – exceeded market expectations.
In contrast, the others, including Samsung Electronics, Hyundai Motor Company, Kia Motors, LG Chem, and Hotel Shilla, failed to present such results.
