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Samsung earnings guidance for Q2, profits expected to fall by 56 percent

Samsung

Samsung has announced its earnings guidance for Q2 of 2019, the company has revealed that its profits are expected to fall by around 56% compared to the same period last year.

Samsung is expecting earnings of 56 trillion won for the quarter, the company is also expecting a consolidated operating profit of around 6.5 million.

Samsung Electronics announced its earnings guidance for the second quarter of 2019.

  • Consolidated Sales: Approximately 56 trillion Korean won
  • Consolidated Operating Profit: Approximately 6.5 trillion Korean won

 

The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.

  • Sales: 55 ~ 57 trillion Korean won
  • Operating Profit: 6.4 ~ 6.6 trillion Korean won

Samsung had expected its memory chip sales to increase but it has not and this is one of the reason from the revised earnings.

Source Samsung, Sammobile

Filed Under: Technology News

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