Despite stellar earnings, Samsung's stock slumps
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Despite stellar earnings, Samsung's stock slumps
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Samsung just reported a whopping 1,800% profit increase for the second quarter of this year. But its stock price fell nearly 7% in response to the news. What gives? In short, high expectations got in the way of actual growth. Also in this episode: Baby boomers begin to transfer family businesses to the next generation, buy now, pay later giant Klarna applies for a U.S. banking license, and the telehealth boom is more than super-fast prescriptions from your couch.
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Read the stories in today’s episode:
- Why analysts predict a robust second quarter earnings season
- Samsung posted 1800% profit growth. Its stock fell anyway.
- The baby boomer business transfer is coming
- The era of drive-thru healthcare is here
- Fintechs harbor banking dreams