Samsung's Q3 earnings guidance points at record profit on the way

Tags: Samsung

Samsung released its earnings guidance for Q3 of 2013. The Korean giant estimates that it will post a record profit of 10.1 trillion won (approximately $9.4 billion) from 59 trillion won ($53.9 billion) of revenue.

The estimated numbers represent an increase in profit of close to a billion dollars in comparison to the previous quarter when Samsung missed the analysts’ expectations. Compared to the same quarter of last year, Samsung took in close to two billion dollars more.

Since this an earnings guidance, Samsung has not released any sales numbers. We do suspect however, that sales of mobile devices will have contributed significantly to the record profit numbers.

Via

• 
  


• Share on Twitter


• 
  


• Share on Facebook


• 
  


• Share on Google+


• 
  


• 
  
  
  
  
  


• 
  


• Share on LinkedIn


• 
  

from gsmarena http://www.gsmarena.com/samsungs_q3_earnings_guidance_points_at_record_profit_on_the_way_-news-6904.php

Posted in: Mixed