Samsung forecasts record 14.5 trillion won in Q3 profit
13 October, 2017, 04:49 | Author: Darnell Taylor
The company said its operating profit will come in around 14.5 trillion won ($12.8 billion), almost tripling from the year-ago period when it was suffering the fallout from its Note 7 recall.
Samsung raked in 8.03 trillion won from the chip business in the April-June period in operating profit, along with 4.06 trillion won from the mobile arm.
The Apple Inc (NASDAQ:) smartphone rival and global memory chip leader said third-quarter operating profit was likely 14.5 trillion won ($12.81 billion), compared with the 14.3 trillion won average of 20 analyst estimates in a Thomson Reuters poll. "We're expecting an operating profit of about 16 trillion won in the next quarter, and that means the boom in the semiconductor industry is more handsome than expected".
It is also a 3 percent rise from this year's second quarter - its previous highest - of 14.07 trillion won in profits. Analysts have tipped its chip division to propel the firm to record overall profit.
The results don't include net income or break out divisional performance.
FIFA, U-17: Iran defeat Germany to reach Round of 16
Thanks to the Portuguese connection, they are sure to get strong crowd support and will be looking to take advantage of it. The problem for Costa Rica is that they are playing against Iran - a team that has surpassed and shocked most in Goa.
Samsung has been seeking to move past a bribery scandal which saw the company's de-facto head Lee Jae-Yong thrown into jail and overcome a damaging recall a year ago of its flagship Galaxy Note 7 smartphone over exploding batteries.
It is the world's largest vendor of memory chips, both in DRAM and NAND.
Growing sales of organic light-emitting diode (OLED) smartphone screens for new Apple smartphones also have supported forecasts of a new earnings record in the fourth quarter.
His ailing father Lee Kun-hee has been hospitalized since 2014, and is now unable to participate in the company's management. Samsung Electronics, of which he is a vice chairman and board member, is the crown jewel of a conglomerate comprised of about 60 units selling selling life insurance, cargo ships and clothes.
Stelac Advisory Services LLC purchased a new position in Wells Fargo & during the 2nd quarter valued at about $104,000. It has outperformed by 26.23% the S&P500.The move comes after 6 months positive chart setup for the $460.22M company.
Two investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Contour Asset Mngmt Llc holds 4.85% of its portfolio in IAC InterActiveCorp (NASDAQ:IAC) for 776,975 shares.
YorkBridge Wealth Partners LLC grew its holdings in shares of Anadarko Petroleum Corporation by 12.5% in the 2nd quarter. Cambrian Capital Limited Partnership decreased Anadarko Pete Corp (APC) stake by 38.22% reported in 2017Q2 SEC filing.
The price target indicates a potential upside of 34.24 % from the last stock close price of Alphabet (NASDAQ: GOOGL ). Return on assets is 11.40% and Return on equity (ROE) is 13.70% while it's Return on Investment (ROI) of 13.30%.
The recall only covers vehicles with second-row fold-flat seats that were built between October 28, 2016 and August 16, 2017. This can prevent the left seat from locking in an upright position and allow the seat to slide forward during a crash.
The entertainment giant reported $1.50 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.45 by $0.05. Bernstein reaffirmed a "market perform" rating on shares of Walt Disney Company (The) in a report on Tuesday, September 12th.
On average, equities research analysts forecast that Star Gas Partners, L.P. will post $0.55 EPS for the current fiscal year. National Bank & Trust Of Montreal Can invested in 0% or 3,725 shares. 2,000 were reported by Evercore Wealth Management.
Even though that sound a bit ridiculous, but I guess everyone is entitled to their own perspectives, even if they are irrational. On the front, the handset has 5MP+5MP dual cameras which come with f/2.2 aperture and 79.9-degree wide-angle lens.
If the supervolcano underneath Yellowstone erupts again, we may have far less advance warning time than we thought. The swelling reservoir responsible for the uplift was too deep to create fears of imminent doom, Smith said.
In Memory of Hayden Kennedy It is with heavy hearts that we say goodbye to our friend, Ambassador and true brother of... Kennedy searched for Inge in vain, but was forced to abandon his rescue attempts and hike six miles to get help.
And Arsenal fans weren't buying it as social media lit up with furious fans condemning their former star's freakish statement. Former England midfielder and current Sky Sports panellist Paul Merson is back with another baffling statement.
Why did Twitter reject this pro-life ad?
SBA List president Marjorie Dannenfelser said they were "encouraged that Twitter reconsidered its censorship of Rep. In fact, the Blackburn ad is running as a sponsored post on Facebook.
Oxford unveils plans for zero emission zone
A proposal headed to the Oxford City Council has four stages that would culminate in a city free of vehicular emissions by 2035. Oxford could be the first " zero emission zone" in the UK.