Apr.08.2021: Samsung Electronics beats estimates in the first quarter

K-News Bulletin

English - April 07, 2021 15:00 - 3 minutes - 2.74 MB
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Samsung Electronics expects a first-quarter operating profit of 9.3 trillion won ($8.3 billion) as strong smartphone and consumer electronics sales balanced weaker chip performance.

The figure, which is up 44.19 percent on year and 2.76 percent on quarter and was released in an earnings guidance announcement Wednesday, beat FnGuide's market consensus of 8.9 trillion won, despite a major shutdown at a chip plant in Austin, Texas.

Listen to the full story in this week’s episode. Subscribe to the K-News Bulletin to listen to Korea’s biggest headline of the day, written by staff reporters of the Korea JoongAng Daily.

Full Article: https://koreajoongangdaily.joins.com/2021/04/07/business/industry/Samsung-Electronics-Galaxy-S21/20210407184300365.html