Samsung expects 13.3 billion USD operating profit in third quarter

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.

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