Krafton shares fall after third-quarter results miss expectations

Krafton reported third-quarter results below market expectations.

The South Korean company's shares fell 4.62% to 206,500 won in early trading on Nov.

11.

The drop followed the earnings announcement, which Krafton made the day before.

Investors compare a company's results with what the market expected, and a shortfall can weigh on its share price.

Analysts lowered their forecasts for next year's results and sharply reduced their target prices for the shares.

Those changes show that analysts have become less optimistic about Krafton's outlook.