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A Samsung Electronics Co. corporate flag flies in front of the company’s Seocho office building in Seoul, South Korea, on Wednesday, February 7, 2018.
Jean Chung | Bloomberg | fake images
SINGAPORE – Samsung Electronics said on Thursday that its earnings for the three months ending in September were likely up 58% from the previous year.
Operating profit for the quarter was likely 12.3 trillion Korean won (about $ 10.6 billion) compared to 7.78 trillion won a year ago, Samsung said in its earnings guide. That was higher than the 10.5 billion analysts forecast for the September quarter, according to Refinitiv SmartEstimate.
Consolidated sales were approximately 66 trillion won for the quarter, up 6.5% from a year ago.
Although the company did not provide a breakdown of how each business unit performed, some analysts previously predicted that September quarter results would be driven by an increase in smartphone sales in the second half of 2020 and higher overall earnings. related to memory.
Samsung posted a nearly 23% increase in operating profit to 8.1 trillion Korean won (nearly $ 7 billion) in the three months between April and June.
Full results for the September quarter are due by the end of this month.
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