Tag: Samsung Electronics Co. Ltd.
-
Samsung manages to beat on earnings despite 84% drop in Q2 net profit
[ad_1] Samsung Electronics 005930, +1.29% posted above-consensus quarterly earnings despite an 84% drop in net profit for the second quarter, as the South Korean tech giant sees the memory-chip industry passing through a trough. The world’s largest manufacturer of memory chips, smartphones and televisions said Thursday that it expects global demand for technology products and…
-
Samsung Electronics expects weakest quarterly earnings in 14 years
[ad_1] Samsung Electronics KR:005930 said Friday that it expects its second-quarter operating profit to fall 96% on year, which would be its weakest performance in more than 14 years. The preliminary earnings outlook suggests that the world’s largest manufacturer of memory chips, smartphones and televisions continues to struggle with weak global demand for tech products…
-
Samsung Electronics’ net profit plunges 86% in first quarter amid chip downturn
[ad_1] Samsung Electronics Co.’s KR:005930 first-quarter net profit slid 86% from a year earlier, with its semiconductor segment posting a large loss amid a downturn in the chip industry. Chip demand will likely continue to be sluggish through the second quarter before gradually recovering in the second half, the South Korean tech giant said Thursday.…