Samsung Electronics Profit Up 48 Percent For First Quarter

Wochit Business - April 7, 2017

Tech giant Samsung Electronics estimated on Friday that its first-quarter operating profit rose 48 percent from a year earlier.

The profit is beating expectations since strong memory chip prices likely padded margins.

Samsung, in a regulatory filing, said its January-March profit was likely 9.9 trillion won, $8.

76 billion dollars, compared with an average forecast of 9.4 trillion won.

These figures are from a Thomson Reuters survey of 18 analysts..

Advertisement

Recent related news

Wal-Mart Stores, Inc. (WMT) reported third-quarter adjusted EPS of $1.00. On average, 30 analysts polled by Thomson Reuters expected the company to report profit...
5 days ago • RTTNews
Bullish on its robust growth in the Indian smartphone market amid big investment plans, Samsung Electronics has elevated its two key India executives to new...
6 days ago • BGR India
PALO ALTO (dpa-AFX) - HP Inc. (HPQ) released a profit for its fourth quarter that increased compared to the same period last year.The company said its bottom...
1 hour ago • FinanzNachrichten.de
Indiaโ€™s Mukesh Ambani family is the richest in Asia as its net worth rose $19 billion to $44.8 billion, toppling the Lees of the Samsung empire, to claim the...
6 days ago • BGR India
TAIPEI: Taiwan's Foxconn, the world's largest contract electronics manufacturer, saw quarterly profit slide 39 percent - a result far below estimates and widely...
1 week ago • WorldNews
TAIPEI (Reuters) - Taiwan's Foxconn , the world's largest contract electronics manufacturer, saw quarterly profit slide 39 percent - a result far below estimates...
1 week ago • Reuters

You might like