Profit Estimates

Samsung Cuts Q3 Profit Estimates by a Third Due To Note 7 Crisis

Following its announcement to discontinue the exploding Galaxy Note 7, Samsung has cut its preliminary Q3 earnings by a third, lowering its operating profit estimate for the three months ended Sept. 30 to 5.2 trillion Korean won ($4.6 billion) from an original estimate of 7.8 trillion won, The Wall Street Journal reports. The company has also lowered its...

Samsung’s Q2 Profits Miss Estimates, Chinese Competitors Held Responsible

Samsung, the world’s largest manufacturer of smartphones has posted its Q2 profit that missed analyst estimates on competition from Chinese makers and gains in the Korean won, Bloomberg reports. The Korean tech giant has however said that newer products and increasing demand for its displays will boost results in the third quarter. Back in June, Samsung’s Chief...