[Featured Stock] Daewoo Construction Declines on Q3 Earnings Shock
Daewoo E&C's stock price is weak. It is interpreted that a selling spree occurred as the third-quarter earnings fell short of market expectations.
![[Featured Stock] Daewoo Construction Declines on Q3 Earnings Shock](http://www.asiae.co.kr/news/img_view.htm?img=2024102409305871420_1729729858.jpg)
As of 9:21 a.m. on the 31st, Daewoo E&C is trading at 3,560 won, down 2.33% from the previous day.
Daewoo E&C announced yesterday that its consolidated third-quarter earnings for this year showed sales of 2.5478 trillion won and an operating profit of 62.3 billion won.
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Mungyeongwon, a researcher at Meritz Securities, analyzed, "The operating profit fell significantly short of the market expectation of 117.8 billion won," adding, "One-time costs were simultaneously reflected in the civil engineering and housing sectors. Both the cost ratio and selling and administrative expenses need to be carefully monitored. Additionally, expectations have lowered in the non-residential sector due to failures in plant orders."
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