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Latest Earnings news
Here you will find the latest news and most recent developments on the Earnings, with regular updates and all the information you need.
Samsung expects its Q3 2022 profit to drop by 31.7%, its first profit drop in three years
Samsung Electronics announced its Q3 2022 preliminary earnings guidance today. The South Korean firm expects its consolidated revenue to be around KRW 76 trillion (around $) and its operating profit to be approximately KRW 10.8 trillion (around $). Although the company’s revenue has increased by 2.73%, its operating profit has declined by 31.7% year-over-year. This […]
- By Asif Iqbal Shaik
- 4 months ago
Despite slowing smartphone sales, Samsung achieves its best ever Q2 profit since 2018
After revealing its earnings guidance a few days ago, Samsung announced its earnings for Q2 2022 earlier today. The company said that its revenue was KRW 77.2 trillion (around $59.1 billion), its best ever for second-quarter figures. The South Korean firm’s revenue was a 21% improvement compared to Q2 2021. The company’s Q2 2022 profit […]
- By Asif Iqbal Shaik
- 6 months ago
Samsung could achieve its best Q2 profit in four years as chip business improves
Samsung Electronics is estimated to reach its best Q2 profit in four years. The South Korean firm has estimated its operating profit to stand at KRW 14 trillion (around $11 billion) for the April 2022 – June 2022 period. The profit is up by 11.38% compared to last year, according to the survey by Yonhap Infomax, […]
- By Sagar Naresh
- 7 months ago
Samsung’s Q1 2022 profit jumps 51%, thanks to strong chip and smartphone sales
Earlier this month, Samsung had posted its revenue estimates for Q1 2022. Today, the company published actual earnings for the first quarter of the year, and the results have been nothing short of amazing. The company’s revenue rose 18%, while the operating profit jumped 51% compared to Q1 2021. Samsung revealed that its revenue during […]
- By Asif Iqbal Shaik
- 9 months ago
Samsung likely to post 50% higher operating profit for Q1 2022
Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor chip and smartphone sales, the South Korean tech giant expects to post its highest Q1 earnings since 2018. In its earnings guidance, the company said that it expects its revenue to reach up to KRW 78 trillion (around $64 billion) […]
- By Asif Iqbal Shaik
- 10 months ago
Samsung SDI profit rises 14.6% as EV car sales increase worldwide
Earlier today, Samsung Electronics unveiled its Q4 2021 earnings. Now, Samsung SDI, the South Korean tech giant’s battery-making arm, has published its quarterly results. The company’s net profit increased by 14.6% compared to Q4 2020, thanks to solid electric vehicle sales across the world. Samsung SDI’s Q4 2021 sales increased to KRW 3.81 trillion (around […]
- By Asif Iqbal Shaik
- 1 year ago
Samsung’s Q4 2021 profit reaches four-year high, thanks to strong chip demand
A few days ago, Samsung had revealed its earnings estimates for the fourth quarter of 2021. Earlier today, the company published its final earnings report. Thanks to solid semiconductor chip sales and slightly higher smartphone sales, the South Korean firm’s operating profit reached a four-year Q4 high. Samsung Electronics‘ Q4 2021 revenue reached KRW 76.57 […]
- By Asif Iqbal Shaik
- 1 year ago
Samsung posts record quarterly revenue in Q3 2021, thanks to chips, foldables, and OLED displays
Earlier this month, Samsung had announced that it is expecting the highest-ever quarterly revenue during Q3 2021. Today, the company revealed its final financial numbers for the quarter. It reported the highest-ever quarterly revenue and the highest operating profit over the past three years, thanks to robust sales of semiconductor chips and foldable phones. Samsung’s […]
- By Asif Iqbal Shaik
- 1 year ago
Samsung expecting highest-ever quarterly revenue in Q3 2021
Samsung has revealed its earnings guidance for the third quarter of this year. According to the electronics giant, its quarterly revenue could hit KRW 73 trillion (around $61.2 billion), and the operating profit could be around KRW 15.8 trillion (around $13.23 billion). This is the South Korean firm’s highest-ever quarterly revenue, thanks to robust chip […]
- By Asif Iqbal Shaik
- 1 year ago
Samsung’s Q2 2021 profit was the highest in three years, thanks to strong chip sales
Three weeks after unveiling its earnings expectations, Samsung has announced its final Q2 2021 numbers. The company said that its revenue increased 20%, and the operating profit increased 54% compared to Q2 2020. The company’s operating profit during the second quarter was the highest over the past three years, thanks to strong chip and memory […]
- By Asif Iqbal Shaik
- 2 years ago
Samsung expects a 53% jump in Q2 2021 profit, thanks to higher chip sales
Samsung has published its earnings guidance for Q2 2021 (April to June) earlier today. The South Korean firm is expecting a healthy jump in revenue and profit, thanks to higher sales of semiconductor chips and electronic devices, driven by the remote learning and work-from-home trends during the pandemic. The company expects its revenue for Q2 […]
- By Asif Iqbal Shaik
- 2 years ago
Samsung’s profits jump in Q1 2021, thanks to strong smartphone, TV, and appliance sales
Samsung has announced its earnings for Q1 2021, reporting a jump in revenue and operating profit. The company’s business boomed during the ongoing COVID-19 pandemic, thanks to strong demand for home appliances, smartphones, and TVs. However, the company also warned that its business could see a negative impact due to chip shortage. The company’s revenue […]
- By Asif Iqbal Shaik
- 2 years ago
Samsung’s profit jumps 44% in Q1 2021, thanks to strong Galaxy S21 sales
Samsung Electronics has announced its earnings guidance for Q1 2021, and it is all good news for the company. The South Korean firm said that its profit will see a considerable jump due to strong sales of its latest flagship smartphone, the Galaxy S21. The company’s semiconductor division saw a decline in profits, though. The […]
- By Asif Iqbal Shaik
- 2 years ago
Samsung confirms more foldables and affordable 5G phones for 2021
Samsung’s mobile division has been able to ride out the pandemic in Q3 2020. As the world gradually opened up after restrictive lockdowns, Samsung’s focused on providing products that helped customers make the most out of the new normal. The company revealed in its full earnings release for Q3 2020 today that the mobile division’s […]
- By Adnan Farooqui
- 2 years ago
Samsung expects a 58% profit jump now but it may be difficult to hold on to
Samsung released its earnings guidance for Q3 2020 today. The company is projecting revenues of 66 trillion Korean won or around $57 billion and 12.3 trillion won or around $10.6 billion in operating profit for the quarter. This will represent an impressive 58 percent increase in operating profit compared to the same period last year. […]
- By Adnan Farooqui
- 2 years ago