By Mediatelecom news Agency Finance
The company notes that it expects to report consolidated sales of US$ 44.000 million during the fourth quarter of 2016, a level similar to that reported in the same period a year ago.
By Efren Paez for Mediatelecom news Agency. Samsung Electronics released its expected results for the fourth quarter of 2016, which is an increase of 50% in its operating profit, its highest level in more than three years, surpassing the expectations of strong sales of chips and a rebound of smartphone.
The optimistic outlook comes despite a slight fall in income and the expected impact on profits of US$ 2,100 million due to the withdrawal of the Galaxy Note 7 in October.
Samsung says that expects to report consolidated sales by 53 trillion won Korean (about US$ 44.000 million) during the fourth quarter of 2016, a level similar to that reported in the same period a year ago.
The guide points to a more rapid recovery for the mobile business than many analysts had anticipated after one of the biggest security failures of products in the history of technology.
The technology giant from south korea said that the operating profit from October to December were 9.2 trillion won (7.800 million), the highest since the third quarter of 2013 and well above the 8.2 trillion won estimated by Reuters. The estimate was also higher than any individual prognosis in the survey.
Among other aspects that could have driven the results of the company, is also the depreciation of the won.
Analysts quoted by Reuters expect the division of chips Samsung get a record of more than 4 trillion won in profits operational in October-December thanks to strong demand from manufacturers of smartphones, including the biggest client Apple Inc. and storage products for high-end data.
No comments:
Post a Comment