Samsung forecasts record 14.5 trillion won in Q3 profit

13 October, 2017, 04:49 | Author: Darnell Taylor
  • 9:45 am JST																Samsung Elec on track for record Q3 as chips soar

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.


What Are Analysts Opinions On Seattle Genetics, Inc. (SGEN)
The stock witnessed 15.65% gains, 13.64% gains and -4.4% declines for the 1-month, 3-month and 6-month period, respectively. The average Wall Street analyst rating for Seattle Genetics, Inc.is Hold, according to the average of 13 analyst scores.


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.


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:

  • Debate erupts over resurfaced video of Jason Momoa making a rape joke

    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

    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 .
    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.
  • 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.
    Star Wars Battlefront 2: Most Powerful Items Will Be Earned In-Game

    Star Wars Battlefront 2: Most Powerful Items Will Be Earned In-Game

    We're assured that "the complete system was not in the beta and [it] will continue to be tuned over time". However, I keep seeing people say "well, just don't buy the loot boxes".

    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.
  • 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.

    The Great Unraveling: Amazon Studio Chief Accused of Sexual Misconduct

    Hackett's allegations follow multiple complaints of sexual harassment and assault lodged against movie mogul Harvey Weinstein. Insiders have speculated for months about Price's possible departure from his role as head of Amazon's original-video arm.
    Oxford unveils plans for zero emission zone

    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.
  • Pokemon UltraSun and UltraMoon trailer unleashes new Z-Moves

    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.

    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.
    No, A Stock Market Rally Does Not Reduce the National Debt

    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.


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).

Survey says home prices are way up in Halifax
Royal LePage is a Brookfield Real Estate Services Inc. company, a TSX-listed corporation trading under the symbol TSX:BRE. Ottawa maintained its stable momentum last quarter as prices increased by 7.9 per cent year-over-year to $441,453.

Nutanix, Inc. (NTNX) stock RSI 71.88 signaled a sell opportunity
But given these two votes of confidence from Wall Street today, it's no surprise to see Nutanix shares popping right now. PNC Financial Services Group Inc. purchased a new stake in shares of Nutanix in the second quarter valued at $208,000.

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.

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.

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.

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.

How Many Honeywell International Inc. (NYSE:HON)'s Analysts Are Bearish?
The Company's cabozantinib product is an inhibitor of multiple tyrosine kinases, including MET, AXL, and VEGF receptors. Nine Chapters Capital Management Llc decreased Oracle Corporation (ORCL) stake by 76.72% reported in 2017Q2 SEC filing.

John Flint named as HSBC's new chief executive, succeeding Stuart Gulliver
HSBC in July announced its third share buyback in a year as well as rising profits, in a sign of its turnaround. Flint spent his first 14 years with HSBC in Asia, establishing an investment bank in the region.

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.