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Samsung Electronics to Release 1Q Results on April 7

April 03, 2017 05:29|April 03, 2017 05:29
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Samsung Electronics is scheduled to release its first-quarter financial results on April 7. The market consensus for Samsung Electronics' first-quarter operating profit rose 20 percent compared to the beginning of this year.

 

Some analysts predicted that Samsung's quarterly operating profit could reach 10 trillion won thanks to the super-cycle of the semiconductor industry.

 

According to financial information provider FnGuide on April 2, the market consensus for Samsung Electronics' first-quarter operating profit averaged at 9.21 trillion won, similar to 9.22 trillion won a quarter ago.

 

The consensus for the company's first-quarter sales and net profit averaged at 49.54 trillion won and 7.15 trillion won, respectively.

 

Securities firms revised their estimates for the electronic giant's quarterly profit figures upward by 19.9 percent, sales by 4.0 percent, and net profit by 21.7 percent.

 

KTB Investment & Securities presented the highest estimate of more than 10 trillion won as Samsung Electronics' operating profit for the quarter.

 

enews@hankyung.com