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Samsung estimated to rake in record $9.4 billion profit this quarter

Samsung estimates it will post $9.4 billion in profit for its last fiscal quarter (KRX:005930)

| Business, Financial & Legal News | Posted: Oct 4, 2013 8:32 am

Samsung has teased the world with its earnings estimates for Q3 2013, where it looks like the South Korean giant will break records, again. Samsung is looking to report $53.9 billion in total revenue, with an operating profit of around $9.4 billion.

 

TweakTown image news/3/3/33273_06_samsung_estimated_to_rake_in_record_9_4_billion_profit_this_quarter.jpg

 

This is extremely good for the company, as it represents an increase from its $8.5 billion from its last quarter, and $51 billion in sales. When compared to its results from this time last year, it's a much bigger increase from the $48.5 billion in sales and $7.5 billion in profits. This represents an increase of 13% year-over-year.

NEWS SOURCE
Theverge.com

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