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Transcripts For CNBC Street Signs 20240714

Tanker over suspected sanctions violations samsung has warned its operating profit dropped nearly 56 during the Second Quarter, but the phonemaker did still Beat Estimates thanks to oneoff games in its display division. If you look at some of the major chipmakers across europe, you will see it, they are all very significantly in the red my colleague, Elizabeth Schulze is here to provide more detail what did this filing say samsung issuing guidance for Second Quarter guidance, well be getting those at the end of july, an early look suggests its operating profit is 5 5. 6 billion. That was above expectations of 5. 1 billion, but a 56 drop. Revenue was helped a bit by that oneoff reimbursement. Most Analysts Expect that display reimbursement came from apple. The important thing to note here, theres a couple of risk factors. The first is the general tensions between the u. S. And china the trade agreement, which is weighing on the overall outlook for the electronic sector and for demand in

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