Samsung forecasts record 14.5 trillion won in Q3 profit

13 October, 2017, 04:49 | Author: Darnell Taylor
  • Samsung forecasts record 14.5 trillion won in Q3 profit

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.


Temporary win for Russian Federation in bid for bitcoin suspect
He has appealed his US extradition, and Greece's Supreme Court is expected to rule on that appeal in coming weeks. Vinnik has denied the American allegations, insisting that he was merely a technical consultant for the exchange.


IPhone X Billboards Appearing in Several Cities Around the World
The iPhone X also features Animoji, which are customized animated emoji that users can use to express their emotions on iMessage. Once Apple gets a handle on production, analysts are anticipating that demand for the iPhone X will be off the charts.


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.

Recommended:

  • Jefferies Group Analysts Increase Earnings Estimates for Wells Fargo & Company

    Jefferies Group Analysts Increase Earnings Estimates for Wells Fargo & Company

    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.

    IAC/InterActiveCorp (IAC) Shares Bought by Cubist Systematic Strategies LLC

    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.

    Anadarko Petroleum Corporation (NYSE:APC) Stock Closed Over Its 50 Day Average

    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.
  • Alphabet Inc. (GOOGL) Shares Sold by Eastern Bank

    Alphabet Inc. (GOOGL) Shares Sold by Eastern Bank

    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%.
    Tesla Recalls 11000 Model X SUVs On Possible Seat Issue

    Tesla Recalls 11000 Model X SUVs On Possible Seat Issue

    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.
    CAPROCK Group Inc. Sells 1933 Shares of Walt Disney Company (The) (DIS)

    CAPROCK Group Inc. Sells 1933 Shares of Walt Disney Company (The) (DIS)

    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.
  • Unusual Activity Spotted in Star Gas Partners LP (SGU)

    Unusual Activity Spotted in Star Gas Partners LP (SGU)

    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.
    ZTE's Nubia Z17S & Nubia-Z17 miniS launched with 3D glass finish

    ZTE's Nubia Z17S & Nubia-Z17 miniS launched with 3D glass finish

    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.
    Supervolcano under Yellowstone may blow sooner than thought

    Supervolcano under Yellowstone may blow sooner than thought

    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.
  • Alpinist Hayden Kennedy Takes Own Life After Partner Dies In Avalanche

    Alpinist Hayden Kennedy Takes Own Life After Partner Dies In Avalanche

    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.
    Ireland's 1st Test vs Pak in May

    Ireland's 1st Test vs Pak in May

    The date and venue for the encounter will be announced by the Ireland board in due course of time. Ireland will play Pakistan at home in May in their first cricket test.
    Arsene Wenger hits back at Paul Merson jibe

    Arsene Wenger hits back at Paul Merson jibe

    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.


Popular

Understanding the Financial Health of Abbott Laboratories (NYSE:ABT)
Abbott Laboratories (NYSE:ABT) touched its 1-Year High price of $55.43 on 10/10/17 and its 1-Year Low price of $37.38 on 12/01/16. The company has mean EPS estimate of 0.56 reported by 9 number of analyst for the quarter ending Current Qtr.(Sep2017).

Debate erupts over resurfaced video of Jason Momoa making a rape joke
The clip of the Justice League actor resurfaced after a number of recent discussions of sexual harassment by men in Hollywood.

Carragher names his XI of the Premier League season so far
And here is what the Liverpool legend came up with - and he gave his explanation on each selection. Carragher delivered his verdicts to the Daily Telegraph .

General Electric Company 4.875% (NYSE:GEB) Experiences Lighter than Usual Trading Volume
Stifel Nicolaus restated a "buy" rating and issued a $26.00 price target on shares of General Electric in a report on Thursday. The New England Investment & Retirement Group Inc holds 8,384 shares with $374,000 value , down from 28,902 last quarter.

Pokemon UltraSun and UltraMoon trailer unleashes new Z-Moves
Necrozma can absorb the Legendary Pokemon Solgaleo and Lunala, giving its Attack or Special Attack stats a massive boost. For instance, Rotom will eventually be able to influence battle by allowing trainers to use a second Z-Move.

Speeding vehicle mows down three schoolgirls on Baramati Morgaon Road, two dead
Following the incident, local villagers gathered at the spot, set the vehicle on fire and held a rasta roko at the accident spot. According to police, three girls were going to their school via Baramati-Morgaon Road around 8 am, when a auto hit the girls.

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.

No, A Stock Market Rally Does Not Reduce the National Debt
The U.S. intelligence community has concluded that the Kremlin attempted to influence the election. Huh? To say this is a head-scratcher is an understatement.

'Several' people injured in shooting at Swedish marketplace
Trelleborg is the southernmost town in Sweden , about 33km from Malmo, and has a history of gang violence. Aron Tydén told local newspaper Expressen: 'I was at home at my computer when I heard a loud bang.

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.