Friday, April 8, 2016

Samsung: Q1 2016 Operating Profit Beats Estimates By 10%



Samsung won’t release its final Q1 2016 revenue figures until later this month, but its forecasts also show revenue up by 4 percent.


Samsung is forecasting that its first-quarter operating profit will hit $5.7 billion—a gain of about 10 percent from the same period last year—while its operating profit will rise 4 percent in this interval.

For the struggling smartphone and consumer electronics maker, its earnings guidance report, released April 7, brings better news after several quarters of disappointment and lackluster…


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Samsung: Q1 2016 Operating Profit Beats Estimates By 10%

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