TELETRADER News
10/7/2022, 3:46 AM
(Source: TeleTrader)
Samsung sees Q3 operating profit fall 31.7%
Samsung Electronics Co. Ltd. announced in its third-quarter earnings guidance on Friday that its operating profit is expected to drop 31.7% from the same period in 2021 and stand at around 10.8 trillion won ($7.7 billion).
Meanwhile, sales are forecast to land at 76 trillion won ($53.8 billion), up 2.7% compared to the third fiscal period last year. Both the operating profit and revenue figures came in under market estimates.