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Friday, 5 April 2019

Samsung Q1 2019 earnings guidance shows profit plunging

Samsung had a good run in the past two years, but now is the time to get back to reality. Low demand for memory chips and poor performance of the Galaxy flagships led to the company announcing guidance of around KRW52 trillion in sales (14% down YoY) and only KRW6.2 trillion in operating profit, which is 60% less than the profit in Q1 2018. (in trillion KRW) Q1 2019 Guidance / YoY change Q4 2018 Report Q1 2018 Report Sales 52 / (14%) 59.27 60.56 Operating profit 6.20 / (60%) 10.80 15.64 Ten days ago,...

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Author: via Bestsoftpro

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