Samsung’s Q4 2017 earnings guidance predicts record profits
2017 was a great year for Samsung. The company’s revenues have surged on the back of the stellar performance of its semiconductor division leading it to post record profits in the past two quarters. It became the world’s most profitable tech company earlier this year. Samsung expects to post a record operating profit in the fourth quarter of 2017 as well. It’s on track for a full year record operating profit.
Samsung Q4 2017 earnings guidance
The company estimates consolidated revenue of 66 trillion won or just over $61 billion in Q4 2017 with a record operating profit of 15.1 trillion won or $14.13 billion.
While impressive in its own right, Samsung’s earnings guidance is below market estimates of 16 trillion won or $15 billion in operating profit for the previous quarter. Nevertheless, the guidance represents an increase of 64 percent in operating profit compared to the same period last year.
Samsung estimates full-year 2017 consolidated revenue of 239.60 trillion won or $223 billion and a consolidated operating profit of approximately 53.60 trillion won or $45.9 billion. It goes to show that 2017 has really been a record year for the company.
The question is whether or not it will be able to maintain this momentum as its semiconductor is expected to come under pressure in the future due to changes in the market conditions.Source