Samsung's Q3 Profit Forecast to Jump Nearly Ninefold, Revenue to More Than Double
MT Newswires Live
3 hours ago
Samsung Electronics (KRX:005930) expects to book consolidated sales of 195 trillion won and an operating profit of 107.4 trillion won for the third quarter, according to a press release on Thursday.
While the South Korean consumer electronics company did not provide year-ago figures, based on historical data, its latest guidance suggests sales jumped nearly 127% from 86.06 trillion won a year earlier, while operating profit is on track to surge 782.5% from the 12.17 trillion won reported in the same period last year.
Samsung's shares fell nearly 1% in recent trade in Seoul, poised for a three-day losing streak.
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