Samsung Electronics Profit Up 48 Percent For First Quarter

Wochit Business - Friday, 7 April 2017  (3 weeks ago)
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.

Recent related news

Advertisement
NEW YORK (AP) — Verizon’s profit sunk 20 percent in its first quarter as it lost subscribers for its wireless cellphone service. Shares dropped more than 2...
4 days ago • Seattle Times
FRANKFURT (Reuters) - Germany's Volkswagen said its operating profit jumped 28 percent in the first quarter, helped by improved earnings at its core VW brand.
6 days ago • Sify
Philip Morris International Inc (NYSE:PM) was hit by profit taking as first quarter numbers undershot forecasts. The tobacco to cigarette group has been one of...
4 days ago • Proactive Investors
(MENAFN) Al Khaliji Commercial Bank has recorded a net profit of QR160.9mn in the first quarter of this year, an increase of 3 percent on the same period of...
5 days ago • MENAFN.com
Advertisement
REUTERS - Information technology company Mindtree Ltd said consolidated net profit fell 27 percent in the fourth quarter hurt by a foreign exchange loss and...
5 days ago • Sify
SAN JOSE, Calif.--(BUSINESS WIRE)--Ultratech, Inc. (Nasdaq:UTEK) a leading supplier of lithography, laser-processing and inspection systems used to manufacture...
4 days ago • Business Wire

You might like