HYBE reported a sharp rise in second-quarter net income to KRW 102.3 billion, up from KRW 18 billion a year earlier. Operating income climbed to KRW 170.9 billion from KRW 65.9 billion, while sales more than doubled to KRW 1.45 trillion from KRW 705.7 billion. Despite the earnings jump, shares fell 9.11% to KRW 204,500 on the Korean Stock Exchange.
HYBE Co. LtdDespite strong earnings beat, shares fell 9.11%, likely due to profit-taking or market disappointment, but the news itself is about earnings results.