Samsung Sees Strong Q1 Gains - Twice

Samsung Sees Strong Q1 Gains

Author:
Publish date:
Social count:
0

Seoul - Samsung expects strong first-quarter gains in revenues and operating profits.

 In issuing earnings guidance for the first quarter, the company said it expects revenues to hit approximately 45 trillion won, up about 22 percent from the year-ago period. Operating profits are expected to hit about 5.8 trillion won, up around 10 percent, the company said.

 The guidance is provided ahead of the company's announcement of full quarterly earnings results, expected to be issued later this month.

 Analysts believe gains from selling phones and TVs helped offset a slumping chip business.

Featured

Related Articles