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.
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