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Wednesday, 8 January 2020

Samsung earnings guidance for Q4 2019 shows decline in profit

Samsung revealed its quarterly earnings guidance for the last three months of 2019 and the numbers do not bring joy. Operating profit is expected to decline around 30%, while the sales remain stagnant on a yearly basis. Compared with Q3 2019, the sales are down 6.5%, while profit declined by just under 9%. Q4 2019 Guidance KRW / USD Q4 2018 Results KRW / USD Q3 2019 Results KRW / USD Sales 59 trillion / 50.4 billion 59.27 trillion / 50.72 billion 63 trillion / 53.9 billion Operating Profit 7.1 trillion / 6.07...



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