Samsung Electronics announced its earnings guidance for the third quarter of this year, which shows the company predicts operating profit in Q3 2021 will reach 15.80 trillion won (approximately $13.263 billion), a year-on-year increase of 27.94%.
Samsung earnings guidance for Q3 2021
- Consolidated Sales: Approximately 73 trillion Korean won
- Consolidated Operating Profit: Approximately 15.8 trillion Korean won
As per the official information, Samsung’s revenue in the third-quarter revenue is expected to be 73.00 trillion won (approximately $61.280 billion), an increase of 9.02% from 66.96 trillion won in the same period last year, and an increase of 14.65% from 63.67 trillion won in the second quarter.
On the other hand, the company’s operating profit is estimated to be 15.80 trillion won (approximately $13.263 billion), an increase of 27.94% from 12.35 trillion won in the same period last year, and an increase of 25.70% from 12.57 trillion won in the second quarter.
To be mentioned, Samsung’s earnings guidance is lower than analysts expected. Previously, 16 analysts surveyed by Refinitiv SmartEstimate predict that Samsung’s third-quarter operating profit is likely to grow to 16.1 trillion won, an increase of 30% from 12.35 trillion won YoY, and revenue will increase by 11% year-on-year. 74.6 trillion won.
