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Samsung Electronics set for first-quarter profit jump, but some call an earnings peak
2016-04-07 11:11:12| Electronics - Topix.net
Samsung Electronics Co Ltd flagged a 10 percent jump in quarterly profit on Thursday - a sign of robust early sales for its new Galaxy S7 smartphones although doubts abound whether momentum can be maintained in the face of new rival offerings. The South Korean tech giant's estimate for first-quarter operating profit handily beat market forecasts and has boosted hopes that its struggling mobile business will post its first annual profit gain in three years, also benefiting from an improved performance for mid-to-low tier devices and cost-cutting efforts.
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Samsung Q1 profit beats expectations
2016-04-07 08:38:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics said it expects to report first-quarter revenues of KRW 49.0 trillion, up from KRW 47.1 trillion a year ago. Operating profit is expected to improve to KRW 6.6 trillion from KRW 6.0 trillion in Q1 2015. The figures were better than expected. A poll of analysts by Bloomberg predicted operating profit of KRW 5.53 trillion. The company is expected to have benefited from the first month of sales from the flagship Galaxy S7 smartphone, which was launched earlier than its predecessor last year.
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Samsung Elec may post 10% jump in quarterly profit; mobile biz likely to see revival
2016-04-07 06:58:26| Semiconductors - Topix.net
Samsung Electronics Co Ltd flagged a 10% jump in quarterly profit on Thursday -- a sign of robust early sales for its new Galaxy S7 smartphones although doubts abound whether momentum can be maintained in the face of new rival offerings. The South Korean tech giant's estimate for first-quarter operating profit handily beat market forecasts and has boosted hopes that its struggling mobile business will post its first annual profit gain in three years, also benefiting from an improved performance for mid-to-low tier devices and cost-cutting efforts.
Samsung warns on 2016 profit as smartphone demand softens
2016-01-28 01:00:00| Total Telecom industry news
South Korean vendor sees challenging conditions ahead in IT industry; outperforms Apple in Q4 smartphone shipments.
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Samsung Q4 profit falls short of expectations
2016-01-08 08:56:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics said its fourth-quarter operating profit rose by 15 percent year-on-year, less than market estimates. In a preliminary report, the company said operating profit rose to KRW 6.1 trillion from KRW 5.29 trillion a year earlier, and quarterly revenues were up 0.5 percent year-on-year to KRW 53 trillion. Full results for the quarter will be released at the end of January. Samsung earlier forecast a difficult year ahead for the electronics giant, due to increasing competition in smartphones and semiconductors and the weak global economy. Especially in emerging markets the company sees financial risks, said CEO Kwon Oh-hyun in a New Year message to employees, media reported.
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