Samsung has released an earnings guidance for Q3 of 2018 and it looks like the company is going to post a very profitable quarter.
The new earnings guidance from Samsung is prediction sales of 65 trillion Korean won and a consolidated operating profit of 17.5 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: 64 ~ 66 trillion Korean won
- Operating Profit: 17.4 ~ 17.6 trillion Korean won
These figures would make it Samsung most profitable quarter ever, the company has had strong sales of the Galaxy Note 9 and other devices.
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