Samsung's second quarter preliminary results suggest earnings up 5% year-over-year

Samsung Electronics has now released preliminary details of its second quarter performance. While the details are limited, the company states that it expects its operating income to have increased by about 5% year-over-year. Specifically, Samsung is tentatively forecasting an operating profit of about 14.8 trillion South Korean won (KRW) for the second quarter, which equates to just over $ 13.2 billion. U.S. dollars. The rise from one year to the next is based on the 14,700 billion won (about $ 12.7 billion) recorded for the second quarter of 2017.

Although on the surface , this seems to be a positive improvement due to the increase from one year to the next It will also mean that Samsung will not increase from one quarter to the next. , compared with the first quarter of this year, when Samsung recorded operating profit of 15.64 trillion won, about $ 14.4 billion. This is significant because it assumes that Samsung's recent trend shows an increase in operating profit quarter after quarter will have ended in Q2 2018. Also as part of today's announcement. hui, Samsung declares that he expects revenue for the second quarter to be in the region 58 trillion won (51.5 billion dollars), which, if it? was correct, would represent not only a decrease from the last quarter, but also compared to the second quarter of 2017, when Samsung recorded 61 trillion won ($ 54.5 billion). these are just preliminary numbers, the numbers now suggested by Samsung fit well with the predictions made by analysts earlier in the week. As expected, Samsung would announce a decline in operating profit for the quarter. In fact, these figures suggest that the earnings announced are slightly below the already low expectations set by analysts. One of the reasons that have been suggested for the worst performance in the last quarter is the weak sales of smartphones – in particular, Galaxy S9 sales. With the added suggestion, the business chip business is likely to have mitigated some of the fall of smartphones, but not everything. It remains to be seen if this is exactly the case, as it is unlikely that Samsung will provide or confirm more detailed quarterly performance details before issuing its full financial results for the second quarter of 2018 – which are expected to occur later in the year. July.