The Strategist

Samsung Electronics in Q3 increases revenue by 16-19% preliminarily



10/08/2024 - 09:17



Samsung Electronics announced in a preliminary report that it recorded revenue between 78 and 80 trillion won ($57.9-59.3 billion) in the third quarter of 2024. The growth is expected to be between 15.7 and 18.7 percent compared to last year.



Solomon203
Solomon203
It is anticipated that the operating profit for July-September 2024 will fall between 9-9.2 trillion won, showing an increase from 2.43 trillion won in the previous year.

According to a survey by LSEG, analysts, on average, predict the company will earn a profit of 11.46 trillion won with revenue of 82 trillion won.

Samsung's market value has dropped by over 23% to 406 trillion won in 2024, whereas the Kospi index has only decreased by 2.2%.

The complete financial results for the third quarter will be published on October 31 by the company.

source: bloomberg.com