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Samsung’s Q1 2015 earnings guidance points at dip in profits

Discussion in 'SAMSUNG - What's New?' started by Princess, Apr 7, 2015.

  1. Princess

    Princess Well-Known Member Registered ✔ Verified ✔

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    Samsung revealed its earnings guidance for the first quarter of this year. The Korean giant expects to post consolidated operating profit of around 5.9 trillion Korean won ( about $5.4 billion) from 47 trillion won of revenue (about $43.2 billion).

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    The company’s quarterly profit will be almost a third less from the $8.2 billion in the same period last year. Revenue is estimated to dip by a tad above 10% - it was $51.8 billion in Q1 2014.

    With Samsung Galaxy S6 and Galaxy S6 edge due to hit the shelves this month, it is reasonable to expect that the manufacturer will begin to turn things around. The company will release its full earnings report later this month.

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