Samsung did not provide a breakdown of how each unit performed in Tuesday's guidance but flagged a one-off gain in the display business, which counts Apple as a customer.
Samsung shares wavered Tuesday morning after the tech giant posted earnings guidance for the three months that ended in June.
Operating profit likely rose almost 23% to 8.1 trillion Korean won from a year ago, beating the 6.4 trillion won number that analysts predicted through Refinitiv SmartEstimate.Samsung Electronics Co. 8GB Double-Data-Rate 4 memory modules are arranged for a photograph in Seoul, South Korea, on Tuesday, July 9, 2019.Samsung shares wavered Tuesday morning after the tech giant posted earnings guidance for the three months that ended in June.
Operating profit likely rose almost 23% to 8.1 trillion Korean won from a year ago, beating the 6.4 trillion won number that analysts predicted through Refinitiv SmartEstimate. Consolidated sales likely fell over 7% on-year to 52 trillion won, Samsung said. The company did not provide a breakdown of how each unit performed in Tuesday's guidance but flagged a one-off gain in the display business, which counts Apple as a customer. It is likely that increased demand for memory chips helped offset some of the declines seen in other parts of the business.
that memory chip demand was boosted by the coronavirus pandemic, which forced millions to work from home and make their purchases online.
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