Reuters: Global Markets: Samsung Electronics' shares down more than 3 percent on profit-taking

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Samsung Electronics' shares down more than 3 percent on profit-taking Mar 7th 2013, 05:50 Tweet Share this Email Print Related News Samsung gets a foot in at key Apple supplier Sharp with $110 million investment Wed, Mar 6 2013 Insight: Apple and Samsung, frenemies for life Sun, Feb 10 2013 Weaker yen helps keep Sony on course for profit target Thu, Feb 7 2013 Analysis & Opinion Questions for Graham Allison and Robert D. Blackwill Related Topics Hot Stocks » Asian Markets » An employee at Samsung Life walks at the company headquarters in Seoul March 31, 2010. Credit: Reuters/Lee Jae-Won SEOUL | Thu Mar 7, 2013 12:50am EST SEOUL (Reuters) - Shares in Samsung Electronics Co Ltd (005930.KS) fell more than 3 percent on Thursday as profit-taking and a lackluster outlook for first-quarter earnings weighed after recent gains. "There's no particular issue, but Samsung Electronics shares had seen recent gains, while Samsung's first-quarter earnings are expected to underperform market expectations," said Lee Seung-woo, a tech sector analyst at IBK Securities. As of Wednesday, Samsung Electronics shares had risen 7.7 percent since the start of February on calming currency moves and brisk risk appetite. At 0545 GMT the company's shares were down 2.9 percent. (Reporting by Joyce Lee; Editing by Matt Driskill) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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