Samsung expects around $7.28 billion in operating profits for Q3, setting another record
Samsung has provided investors guidance ahead of its full Q3 earnings report that's due before October 26th, and as has been the custom, the numbers are huge. It's expecting a fourth straight record quarter with overall operating profit of 8.1 trillion won ($7.28 billion), an amount that would more than double last year's results for the same period and clear Q2s $5.86 billion, all on sales of 52 trillion won ($46 billion). We'll have to wait for the full report to see numbers broken down by department, but it's safe to say that there's a lot of Galaxy S IIIs (it ticked past 20 million last month) adding up to reach that pinnacle. Reuters and Bloomberg have predictions from various analysts on how many handsets, RAM chips and flat-panel HDTVs were sold, but if its legal battle with Apple ends in the worst-case scenario, at least we figure Samsung will have enough left over to keep the lights on.
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Samsung Electronics Announces Earnings Guidance for Third Quarter 2012
Consolidated revenues estimated at 52 trillion Korean won
Operating profit at 8.1 trillion won
SEOUL, Korea – October 5, 2012 – Samsung Electronics Co., Ltd. today announced its earnings guidance for the third quarter, 2012.
Consolidated Sales : Approximately 52 trillion Korean won
(Range: 51 – 53 trillion Korean won)
Consolidated Operating Profit : Approximately 8.1 trillion Won
(Range: 7.9 – 8.3 trillion Korean won)
The above figures are consolidated earnings estimates based on K-IFRS
※ '12 2Q and '11 3Q consolidated figures based on K-IFRS are as follows
(in trillion won)
'12 .2Q
'11.3Q
Sales
47.60
41.27
Operating profit
6.72
4.25
Disclosure regulations in South Korea do not allow earnings guidance to be provided as a range, therefore the official disclosure was made based on the median value as stated above.
The guidance is provided ahead of the full announcement of quarterly earnings results for the convenience of investors and media, before our external audit on the financial results of our headquarters, subsidiaries and affiliates is completed. Therefore, the above estimate may differ from the actual results.
The full earnings for the third quarter will be disclosed following the Board of Directors' approval of the financial statements and quarterly reports.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$143.1 billion. Employing approximately 206,000 people in 197 offices across 72 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED. Recognized for its industry-leading performance across a range of economic, environmental and social criteria, Samsung Electronics was named the world's most sustainable technology company in the 2011 Dow Jones Sustainability Index. For more information, please visit www.samsung.com.
