Author: chili guest
[TechWeb] Sept. 26, according to foreign media reports, market sources expect Samsung Electronics to record third-quarter operating profit of 17.2 trillion won, or about $15.4 billion, thanks to strong demand for memory chips.
In the third quarter of last year, Samsung's operating profit was 14.5 trillion won, and major brokerages expect its operating profit to grow 18.5% year-on-year.
In terms of revenue, major brokerages expect Samsung Electronics to generate 652 trillion won in the third quarter of this year, up 5.1% from a year earlier.
Earlier, Samsung Electronics had its highest quarterly operating profit of 15.6 trillion won in the first quarter of this year, with market sources expecting 17.2 trillion won in the third quarter, up 10.3% from that.
Samsung's third-quarter earnings are expected to be released next Friday. Although market sources expect operating profit to hit a new high, Samsung's third-quarter revenue is unlikely to hit a record. So far, Samsung's highest quarterly revenue was in the fourth quarter of last year, when Samsung's revenue reached a record high. To 65 trillion and 900 billion won.
For the full year of 2018, analysts expect Samsung Electronics to generate 250 trillion won in revenue and 65 trillion won in operating profit.
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