Seeking Alpha

Samsung estimates continued record profit

  • Samsung (SSNLF.PK) has estimated that its operating profit climbed 22.8-27.8% to another quarterly record of 9.9-10.3T won ($9.2-9.6B) in Q3, in line with consensus of 9.96T won.
  • The company expects that sales grew 11-15% to 58-60T won vs forecasts of 59.7T won.
  • Samsung didn't provide estimates for net income or earnings for each division. Its final results are due out at the end of the month.
  • "Despite record-high earnings, doubts over the sustainability of smartphone-driven profits hint at an overall valuation discount for Samsung," says HMC Investment & Securities analyst Greg Roh.
  • Shares +0.6% in Seoul.

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Comments (1)
  • keentolearn
    , contributor
    Comments (132) | Send Message
     
    Samsung is doing great despite of all competition. HTC & Sony is way behind.
    4 Oct 2013, 09:03 AM Reply Like
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