Operating profit for the third quarter is expected at 7.7 trillion Korean won ($6.43 billion), down 56.17% from a year ago when the world’s largest smartphone maker posted a profit of 17.57 trillion won.
Trade Samsung Electronics REG S GDR - SMSN CFD
The South Korean tech giant said its consolidated sales for the three months was 62 trillion won, down around 5.3% from a year ago.
If this guidance becomes a reality it will be the third consecutive quarter in which Samsung’s operating profit has more than halved from the same period a year earlier.
However, Samsung is faring better than many predicted. Consequently shares increased by 2.41% on Tuesday, beating the South Korean benchmark index, which rose 1.21%.
Photo: Vytautas Kielaitis/Shutterstock