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.
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.