Friday, April 7, 2017

Samsung forecasts $8.8B Q1 profit, an almost 50% jump YoY, expects sales of $44.2B, which won't include Galaxy S8 sales which hit market April 21

Samsung Electronics today announced its earnings guidance for the first quarter of 2017.

  • Consolidated Sales: Approximately 50 trillion Korean won
  • Consolidated Operating Profit: Approximately 9.9 trillion Korean won

The above figures are estimates of consolidated earnings based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be provided as a range.

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