South Korea's POSCO posts 15% drop in second quarter operating profit on higher raw materials costs [Reuters]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
US:NYSE Investor Relations:
posco.com/homepage/docs/eng5/jsp/invest/archive/s91b6010071l.jsp
Company Research
Source: Reuters
South Korea's POSCO posts 15% drop in second quarter operating profit on higher raw materials costs - Reuters 2 Min Read SEOUL (Reuters) - South Korean steelmaker POSCO ( 005490.KS ) said on Tuesday its second-quarter operating profit fell 15% from the same period a year earlier, dragged down by higher raw material costs, meeting analyst estimates. The world’s fifth-biggest steelmaker forecast a pick-up in China’s steel demand in the second half of the year, supported by a boost to economic policy, but said global steel demand growth is expected to slow due to economic uncertainties. The steel maker slightly raised its 2019 consolidated revenue target to 66.8 trillion won, from its previous goal of 66.3 trillion won in January. POSCO posted a consolidated operating profit of 1.1 trillion won ($933.7 million) for the April-June period, compared with 1.3 trillion won a year earlier and an average estimate of 1.1 trillion won, compiled from 13 analyst forecasts according to Refinitiv d
Show less
Read more
Impact Snapshot
Event Time:
PKX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PKX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PKX alerts
High impacting POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) news events
Weekly update
A roundup of the hottest topics
PKX
News
- Korean AI Chip Startup Raises $62 Million Round Led By Ex-Samsung Executive's Private Equity Firm [Forbes]Forbes
- Australian green hydrogen electrolyser manufacturer, Hysata raises $111m USD led by bp Ventures and Templewater [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings: Operating Income Recovery Overshadowed By Cautious Capex Outlook [Seeking Alpha]Seeking Alpha
- POSCO HOLDINGS INC. Files its Annual Report on Form 20-FPR Newswire
- Asia-Pacific $769 Mn Next-Generation Anode Materials Markets, 2023-2024 & 2032: Growing Demand for Solid-State Lithium-Metal Batteries, Creating Resilient Binders for Assuring the Stability of Silicon Anodes [Yahoo! Finance]Yahoo! Finance
PKX
Sec Filings
- 5/16/24 - Form 6-K
- 5/14/24 - Form 6-K
- 5/2/24 - Form 6-K
- PKX's page on the SEC website