Samsung issues Q3 guidance – up sequentially but down on a yearly basis

Samsung has simply launched its quarterly earnings guidance and it is nonetheless feeling the hangover from the reminiscence growth celebration. The working revenue is considerably down on a yearly basis, but it has elevated in comparison with Q2.





Q3 2019 Guidance KRW / USD Q3 2018 Results KRW / USD Q2 2019 Results KRW / USD
Sales 62 trillion / 52 billion 65.46 trillion / 55 billion 56.13 trillion / 47 billion
Operating Profit 7.7 trillion / 6.four billion 17.57 trillion / 14.7 billion 6.60 trillion / 5.5 billion

Samsung normally publicizes the total earnings report within the final week of the month, following the quarter, which suggests we can have particulars on how every division is performing in three weeks.


Samsung quarterly guidance reveals a declining yearly profit

Those also needs to present how the newly launched Samsung Galaxy Notice10 lineup is doing, which is the bit that curiosity us probably the most. The sequential revenue improve hints excellent news is likely to be on the best way.

Source

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