Samsung Electronics expected to log US$ 5.2 bil. operating profit in Q1
- 4 years ago
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Samsung Electronics said Tuesday its operating profit for the first three months of this year likely went up 2-point-7 percent from a year ago,... slightly beating expectations.
Becoming one of the first major tech firms to report earnings amid the coronavirus pandemic,... the company said it expects 5-point-2 billion U.S. dollars in operating profit for Q1 this year,... up from the 5-billion it posted the same period last year.
The company's earnings guidance report also said it expects the first quarter consolidated sales to be 45-billion dollars,... up almost 5-percent on-year.
Analysts say the company's semiconductor business might have helped the firm stay in the black amid the pandemic,... as data centers fueled a recovery in memory chip markets,... one of the major profit making businesses for Samsung.
Samsung Electronics said Tuesday its operating profit for the first three months of this year likely went up 2-point-7 percent from a year ago,... slightly beating expectations.
Becoming one of the first major tech firms to report earnings amid the coronavirus pandemic,... the company said it expects 5-point-2 billion U.S. dollars in operating profit for Q1 this year,... up from the 5-billion it posted the same period last year.
The company's earnings guidance report also said it expects the first quarter consolidated sales to be 45-billion dollars,... up almost 5-percent on-year.
Analysts say the company's semiconductor business might have helped the firm stay in the black amid the pandemic,... as data centers fueled a recovery in memory chip markets,... one of the major profit making businesses for Samsung.