HANMI Semiconductor shares plunged in early trading on the 18th. Selling appears to be continuing after the announcement of an "earnings shock."

A rendering of the HANMI Semiconductor hybrid bonder factory. /Courtesy of HANMI Semiconductor

As of 9:25 a.m. on the 18th, HANMI Semiconductor was trading at 309,500 won, down 16.12% (59,500 won) from the previous session.

On the 15th, HANMI Semiconductor said that on a consolidation basis for the first quarter of this year, it posted revenue of 50.9 billion won and operating profit of 8.456 billion won. Revenue and operating profit plunged 65.5% and 87.9%, respectively, from a year earlier.

HANMI Semiconductor shares have fallen 24% from the 15th, when results were released, through the 18th.

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