Stock Track | KT Corp Surges in Pre-Market After Robust Q3 Earnings

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Shares of KT Corp, South Korea's leading telecommunications company, soared 5.15% in pre-market trading on November 11th, 2024, following the release of its strong third-quarter earnings results on November 10th.

The company reported a 35.2% year-over-year increase in net income attributable to shareholders, reaching 357.3 billion won ($264 million) for the quarter ended September. This impressive growth in profitability came despite a slight 0.6% decline in sales, which stood at 6.654 trillion won ($4.9 billion).

Investors reacted positively to KT Corp's better-than-expected earnings performance, sending the stock higher in pre-market trading. The company's shares had already risen nearly 6% on Monday, the day the earnings report was released, suggesting that the market was anticipating strong results from the telecom giant.

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