Samsung expected to post record operating profit
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Samsung Electronics is expected to post a record operating profit of 17.2 trillion won ($15.4 billion) in the third quarter, backed by firm demand for memory chips, market sources said Tuesday.
The consensus by major brokerage firms marks an 18.5 percent on-year increase in the tech behemoth’s profit for the July-September period.
The revenue is forecast at 65.2 trillion won, up 5.1 percent from a year ago.
The company is expected to release its third-quarter earnings preview next Friday.
The world’s top smartphone maker logged a record high 65.9 trillion won in sales in the fourth quarter of last year and a record high of 15.6 trillion won in operating profit in the first quarter of this year.
Questions & Answers
Q.What specific factor is contributing to Samsung's anticipated record operating profit?
What specific factor is contributing to Samsung's anticipated record operating profit?
The expected record operating profit is primarily backed by firm demand for memory chips, according to market sources.
Q.When is Samsung expected to release its third-quarter earnings preview?
When is Samsung expected to release its third-quarter earnings preview?
Samsung is expected to release its third-quarter earnings preview next Friday, following the period in question.
Q.How much is Samsung's revenue forecast to be for the third quarter?
How much is Samsung's revenue forecast to be for the third quarter?
The company's revenue for the third quarter is forecast at 65.2 trillion won, representing a 5.1 percent increase from a year ago.