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Naver Shares Plunge 6% Following Q2 Earnings Announcement... Slight Operating Profit Decline, 210,000-Won Support Level Emerges as Key Focus

Following its second-quarter earnings announcement, Naver's stock price fell more than 6% during trading, drawing market attention to whether it can defend the

Oseong Kwon
Staff Reporter
2 min read
Naver Shares Plunge 6% Following Q2 Earnings Announcement... Slight Operating Profit Decline, 210,000-Won Support Level Emerges as Key Focus
CBC News

Following its second-quarter earnings announcement, Naver's stock price fell more than 6% during trading, drawing market attention to whether it can defend the 210,000-won level.

As of 10:25 a.m. on the 7th, Naver's stock was trading at 212,000 won, down 14,000 won (6.19%) from the previous trading day. The decline widened from the opening of the session, with the stock fluctuating around the 210,000-won mark, which is considered a psychological support line.

According to the preliminary earnings released before the market opened, Naver's consolidated second-quarter revenue stood at 3.3888 trillion won, up 16.2% year-on-year and 4.6% from the previous quarter. Despite solid revenue growth, operating profit came in at 520.3 billion won, declining 0.2% year-on-year and 4.0% quarter-on-quarter, indicating a slight deterioration in profitability.

With the stock price showing weakness immediately after the earnings release, whether the 210,000-won level can be successfully defended has emerged as a key variable for future stock price outlook.

[※ This article is intended to convey market trends and does not constitute investment advice. The final judgment and responsibility for investments lie with the investor.]

Oseong Kwon
Staff Reporter

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