Samsung’s Q3 2015 earnings guidance predicts first profit growth in a couple of years
Samsung has had a tough few quarters owing to increased competition in the low-end and mid-range segments of the market while it struggles to maintain momentum in the high-end market segment. All of this has contributed to seven straight quarters of year-over-year profit decline but things might finally be looking up for the company, Samsung today announced its Q3 2015 earnings guidance which predicts the first quarterly profit growth for the company in two years.
The company expects to have brought in 7.3 trillion won or $6.27 billion in operating profit in Q3 2015 on sales of 51 trillion won or $43.8 billion. If these are confirmed as final figures it would mean that Samsung is back to profit growth after quite a few quarters where it saw profits declining. Samsung brought in revenue of 47.4 trillion won during the same time last year with profits standing at 4.1 trillion won, if its prediction is correct then the company will see a year-over-year profit growth of 78% and revenue growth of about 8%. In its earnings guidance the company didn’t reveal what contributed to this potential quarterly profit growth, Samsung might go into the details when it formally announces the quarter’s results.