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An update from Samsung Electronics ( (GB:SMSN) ) is now available.
Samsung Electronics has announced its earnings guidance for the fourth quarter of 2024, projecting consolidated sales of approximately 75 trillion Korean won and an operating profit of about 6.5 trillion Korean won. The results are expected to fall below market expectations due to challenges in the DS and DX divisions, with lower sales and profits in IT products and intensified competition in mobile markets. Despite record revenue in the memory business, increased R&D expenses and production costs have impacted profitability, while the Foundry and S.LSI businesses have struggled with lower utilization rates.
More about Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in the electronics industry, known for its diverse range of products including consumer electronics, semiconductors, and telecommunications equipment. The company focuses on innovation and technological advancement, catering to a wide market with its state-of-the-art products and solutions.
YTD Price Performance: 4.40%
Average Trading Volume: 19,243
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $256.3B
See more insights into SMSN stock on TipRanks’ Stock Analysis page.
