Samsung Electronics predicts record high operating profit for Q3
13 October, 2017, 05:44 | Author: Oscar Goodwin
Operating income nearly tripling to a record 14.5 trillion won ($12.8 billion) in the three months ended September, according to preliminary results.
Samsung has been seeking to move past a bribery scandal which saw the company's de-facto head Lee Jae-Yong thrown into jail and overcome a damaging recall previous year of its flagship Galaxy Note 7 smartphone over exploding batteries.
Samsung appears to have bounced back from its Galaxy Note 7 disaster - in a big way.
Over recent quarters, the world's largest maker of memory chips, smartphones and other electronics products has seen its booming semiconductor business as a major earnings driver. The company said it will announced its final third quarter results later this month.
Revenue likely rose 29.7 percent from a year earlier to 62 trillion won, Samsung said in a regulatory filing.
Samsung said its July-September profit was likely 14.5 trillion won ($12.81 billion), compared with an average forecast of 14.3 trillion won from a Thomson Reuters survey of 20 analysts.
Profits are expected to continue to rise, analysts say.
Kwon is one of the two vice chairmen at Samsung Electronics with Jay Y. Lee, who was sentenced to five years in prison in August for bribing a presidential confidante in return for help in succeeding his hospitalized father, Chairman Lee Kun-hee.
Samsung raked in 8.03 trillion won from the chip business in the April-June period in operating profit, along with 4.06 trillion won from the mobile arm.
The consumer electronics division will also benefit from strong seasonal demand, he added. The younger Lee has appealed, denying charges.
Industry watchers said Samsung's latest record-beating performance was made possible by investments and strategies established by Lee Jae-yong ahead of his imprisonment in February, and the lack of leadership in Samsung will hinder its long-term growth. Samsung announced its earnings guidance before the market opened Friday.
New Yorkers can check the status of their voter registration and political party affiliation here or by calling 1-866-VOTE-NYC . Anyone who needs to register to vote in the upcoming gubernatorial election needs to do so by October 16.
Shortly thereafter, armed police arrived and cordoned off the crime scene, where witnesses had reported hearing a loud "bang". Police Skåne spokesman Fredrik Bratt said: "We received several calls about a suspected shooting in central Trelleborg".
Golden State Warriors coach Steve Kerr on Trump: "He continually offends people, and so people don't want to stay at his hotel". And in an interview with Sporting News , Bucks forward Jabari Parker said he was "proud" not to stay at Trump properties.
But from his point of view, the U.S.is just a few good quarters away from accomplishing that goal ahead of schedule. No, a far more appropriate measurement would be to compare the national debt to the size of the national economy.
Against dos Anjos at UFC on FOX 26, he'll look to string together a couple of wins to work his way back into title contention. Cirkunov had won eight fights in a row before being knocked out in 28 seconds by Volkan Oezdemir on May 28th in Stockholm.
MGM Resorts International (MGM ) has made its way to a 12-month gain of 13.59%. 66 funds opened positions while 117 raised stakes. Over the last five days, shares have faced -1.36% losses and now is up 0.56% since hitting its 200-day moving average of $31.34.
The letter says over 13,000 people have been killed in what they call "Duterte's war on people who use drugs". Abella said the PDEA would now elevate the campaign against illegal drugs as it has widened its scope.
Its battery only lasts about 125 miles between charges, but that's fine, because it's never going into series production. The auto comes with a range of 200 kilometers and a 0 to 62 miles per hour rime of just 3.3 seconds.
Other than the inexplicable meltdown in Game 2 of the ALDS, the Yankees' relievers have been just about flawless . After Boston won four straight elimination games, they didn't lose again en route to the World Series title.
Spike Lee and Tonya Lewis Lee serve as creators and executive producers of the series through their 40 Acres production company. While we got a sneak peak of the newly adapted series, we haven't heard much chatter about it until now.
Well, his mother, Ivana Trump , dropped some clues as to why Lil' Don is such a turd with her new book, Raising Trump . From 1977 to 1992, Ivanka Trump, a former model of Czech origin, was married to the american president Donald Trump.
But that angered the doctor, who stepped into the waiting room to confront her, which was when Stipe's daughter began recording. He also apparently tried to delete the footage before throwing the phone back at her.
Goodyear Tire Rubber (GT)'s Chaikin Flow Showing Positive Signal
Current trade price levels places GT's stock about -11.24% away from the 52-week high and closed 23.12% away from the 52-week low. With 537,400 avg volume, 21 days are for Cooper Tire & Rubr Company (NYSE:CTB)'s short sellers to cover CTB's short positions.
Trump announces Nielsen as Homeland Security nominee
Duke recently got into some controversy when she said that the hurricane response effort in Puerto Rico was a "good news story". Elaine Duke has been serving as acting DHS secretary since Kelly departed the agency for the White House in July.