Published 2 years ago

Samsung earnings top estimates on chip demand, new handsets

Summary by Ground News

Operating profit increased 50% to 14.1 trillion won ($11.6 billion) for the three months ended March. Sales advanced 18% to 77 trillion won, also higher than expected. Samsung will provide net income and divisional performance when it reports full earnings on Apr. 28.

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South China Morning Post

Samsung earnings top estimates on chip demand, new handsets

South Korean tech giant Samsung Electronics said first-quarter operating profit increased 50 per cent to US$11.6 billion on robust demand for new smartphone models and memory chips that go into servers.

2 years ago·Hong Kong

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Bloomberg Quint

Samsung Earnings Top Estimates on Chip Demand, New Handsets

(Bloomberg) -- Samsung Electronics Co. reported preliminary earnings for the first quarter that beat analysts’ estimates on robust demand for new smartphone models and memory chips that go into servers.Continue Reading. Read more on Business News by BloombergQuint.

2 years ago·Mumbai, India

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The Korea Times

Samsung Electronics sees estimate-beating 50.3% jump in Q1

Samsung Electronics said Thursday it was likely to report its best first-quarter earnings in four years on the back of solid semiconductor mobile phone demand. In its earnings guidance, the South Korean tech giant estimated its operating profit at 14.1 trillion won ($11.5 billion) for the first three months of the year, up 50.3 percent from a year ago.

2 years ago·Korea, Republic of

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The Korea Herald

Samsung poised to beat earnings estimates in Q1

Samsung Electronics said Thursday it was highly likely to report its best quarterly earnings in the first quarter this year on upbeat sales of memory chips and smartphones. According to its earnings guidance, the tech giant projected its operating profits at 14.1 trillion won ($11.5 billion) for the first three months of the year, a 50.03 percent increase from a year earlier. The figure topped estimates consensus...

2 years ago·Seoul, Korea, Republic of

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Business Tech

Samsung earnings top estimates on chip demand, new handsets

Samsung Electronics Co reported preliminary earnings for the first quarter that beat analysts’ estimates on robust demand for new smartphone models and memory chips that go into servers.

2 years ago

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