Samsung Electronics is expected to post a near nine-fold increase in first-quarter profit from a year earlier as rebounding semiconductor prices lift earnings from a low base caused by a severe chip downturn.
Samsung Electronics is expected to post a near nine-fold increase in first-quarter profit from a year earlier as rebounding semiconductor prices lift earnings from a low base caused by a severe chip downturn . Operating profit for the world's biggest maker of memory chips and TVs likely rose to 5.7 trillion won ($4.24 billion) in the quarter ended March 31, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.
If so, it would be Samsung's highest profit since the third quarter of 2022. It compares with an operating profit of 640 billion won in the first quarter last year. This is because its chip division, traditionally its biggest earner, is expected to report its first quarterly profit in five quarters of about 750 billion won, according to an average estimate from 12 analyst
Samsung Electronics Profit First-Quarter Semiconductor Chip Downturn
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what you can buy for less than $500,000 in nine Ottawa neighbourhoodsNew statistics released by the Municipal Property Assessment Corporation show homes valued at less than $500,000 account for 19 per cent of all homes in Ottawa. CTVNewsOttawa.ca looks at what you can buy for $500,000 in nine Ottawa neighbourhoods in March.
Read more »
Underpriced Vaughan townhouse gets nine offersCompetition for Thornhill Woods home helps bring sale $257,000 over asking
Read more »
Nine inspiring local women honoured on 'Rose Day'Annual Zonta Rose Day recognizes women who have made outstanding contributions to our community
Read more »
Nine charged, including Ajax resident, after investigation into alleged drug distribution networkA person from Ajax is among the nine charged in connection with an OPP-led drug trafficking investigation. Investigators say they started 'Project Cranium' i
Read more »
Key Samsung Shareholder Vote to Test Korea’s Commitment to Corporate ReformsA battle between shareholders of South Korea’s most valuable business group is set to test the nation’s commitment to enhance corporate returns and valuations.
Read more »
Nine reasons for a stock market pullback from a Wells Fargo analystDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Read more »