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Samsung expects Q1 earnings surprise on strong mobile, home appliance biz


Samsung expects Q1 earnings surprise on strong mobile, home appliance biz
Posted : 2021-04-07 10:16
Samsung Electronics office in Seoul s Gangnam District / Yonhap
Samsung Electronics on Wednesday expected a market forecast-beating earnings for the first quarter as its mobile business fared well, offsetting a relatively tepid performance from the semiconductor business.
In its earnings guidance, the South Korean tech giant estimated its operating profit at 9.3 trillion won ($8.3 billion) for the first three months of the year, up 44.2 percent from a year ago.
Its first-quarter operating income estimate beats the market consensus of 8.95 trillion won in the data compiled by Yonhap Infomax, the financial arm of Yonhap News Agency that surveyed 12 local brokerage houses last month. ....

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