Samsung expects record $11 bn profit in Q2 on robust chip biz
By IANS |
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Samsung. (File Photo: IANS). Image Source: IANS News
Seoul, July 7 : Samsung Electronics on Wednesday expected market estimate-beating second quarter earnings as its semiconductor business apparently offset a tepid performance from its mobile business.
In its earnings guidance, the South Korean tech giant estimated its operating profit at 12.5 trillion won ($11 billion) for the April-June period, up 53.4 percent from a year ago.
Its second-quarter operating income estimate beat the market consensus of 11.2 trillion won in a survey by Yonhap Infomax, the financial arm of Yonhap News Agency that surveyed 15 local brokerage houses last month.
Samsung expects record $11 billion profit in Q2 on robust chip biz
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Samsung expects estimate-beating Q2 earnings on robust chip biz – The Korea Times
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