Business

Samsung Q3 revenue will be around $55.2bn and its operating profit $6.2bn: Report

Samsung is expected to see its Q3 earnings come in well over market consensus, according to a forecast by Korea Investment & Securities. Operating profit in 2020 will be even greater, the securities firm predicted in its report.

Samsung’s revenue in the latest quarter will be around 65.8 trillion ($55.2bn) won and its operating profit some 7.4 trillion ($6.2bn), each exceeding earlier predictions by 5% and 9%, respectively, the report said.

Read Next: Samsung Galaxy Fold dies after 120,000 folds in robot test

Samsung is expecting higher revenue due to higher demands for the semiconductors, the report added. Samsung is to announce its estimated earnings for the Q3 on Tuesday.


Comments

The Latest

To Top