Samsung Electronics (GB:SMSN) has released an update.
Samsung Electronics Co., Ltd. has announced its Q3 2024 earnings guidance, projecting approximately 79 trillion Korean won in sales and 9.1 trillion in operating profit, which, while being the highest quarterly revenue since Q1 2022, might fall below market expectations. The decline in operating profit is attributed to various factors, including one-offs in the DS Division, memory business adjustments, and currency impacts. However, improved results were seen in the DX Division and SDC, bolstered by strong flagship smartphone sales and new product launches by major clients.
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