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Samsung Electronics Projects Surge In Q3 Profit

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Samsung Electronics Co (OTC: SSNLF) projects a surge in its operating profit for the third quarter.

Samsung projects its operating profit to surge 90.5% to 8.1 trillion won (US$7.3 billion), versus KRW4.25 trillion, in the year-ago period.

It expects sales to rise 26% to KRW52 trillion from KRW41.27 trillion. However, analysts were expecting an operating profit of KRW7.5 trillion on sales of KRW51.9 trillion.

Samsung shares closed at $1,250.00 yesterday.

Posted-In: profitEarnings News Guidance


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