Sunday, 7 October 2012

Samsung outs Q3 2012 earning guidance, expects another record

By on 02:04

Today Samsung announced its earning guidance for Q3 2012 and expects yet another record breaking quarter (fourth in a row). According to the preliminary report, the company is expecting an achieve an operating profit of $7.28 billion.

In fact, this is more than double the operating profit Samsung got in Q3 2011 and considerably more than the last quarter's $5.86 billion. Consolidated sales are estimated to be around $46 billion.
In the full Q3 2012 financial report, which is expected to be released before October 26, everything will be broken down by departments, so that we can see how big of a role the mobile department has played. One thing is certain, Samsung is on a roll and it doesn't plan on stopping soon.


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