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Samsung updates earnings guidance for Q4 2019

Samsung earnings guidance

Samsung has updated its earnings guidance for Q4 of 2019, the company is expecting operating profits to decline by around 30% for the quarter.

This is on a year on year basis, when compared to quarter three of 2019 the company has seen sales down by 6.5 percent and profit down 9 percent.

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

• Consolidated Sales: Approximately 59 trillion Korean won

• Consolidated Operating Profit: Approximately 7.1 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: 58 ~ 60 trillion Korean won

• Operating Profit: 7.0 ~ 7.2 trillion Korean won

You can find out more details about Samsung’s updated earnings guidance over at their website at the link below.

Source Samsung, GSM Arena

Filed Under: Technology News

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