Samsung Electronics posts $8.48 bil. in operating profit for Q3

Samsung Electronics on Tuesday estimated its operating profit for the third quarter at 12.1 trillion won ($8.48 billion), signaling a solid recovery in profitability amid an upcycle in the global memory chip market. According to the company’s earnings guidance, the company is anticipated to have posted 86 trillion won in sales and 12.1 trillion won in operating profit. The sales grew 8.72 percent from a year earlier and operating profit surged 31.81 percent year-on-year. The figures outpaced brokerages’ consensus of 84.16 trillion won in sales and 10.17 trillion won in operating profit. It is the company’s highest quarterly revenue and also marked the first time in 15 months that Samsung’s quarterly operating profit exceeded the 10 trillion won threshold, since the second quarter of last year. Since it is an earnings guidance prior to an earnings call, the company did not disclose a detailed breakdown of its earnings. However, brokerages widely assume that a recovery in its chipmaking Device Solutions (DS) division has lifted overall profitability, amid growing demand for advancWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times