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Samsung releases its earnings guidance for Q2 2015

Discussion in 'SAMSUNG - What's New?' started by Princess, Jul 7, 2015.

  1. Princess

    Princess Well-Known Member
    Pakistan

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    Samsung released its earnings guidance for Q2 2015. The Korean giant expects a consolidated operating profit of 6.9 trillion won (about $6.1 billion) from 48 trillion won (about $42.5 billion) of sales.

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    The profit is a tad lower from the same period last year ($6.25 billion). However, Samsung’s performance is better than the past quarter’s. The company earned $5.5 billion from $43.2 billion of revenue in Q1 this year.

    Samsung’s Q2 2015 financial performance is important, because it is the first quarter to factor in sales of Samsung Galaxy S6 and Galaxy S6 edge. The smartphone duo has been expected to bring the tech giant back on the track of increasing profits.

    The Korean manufacturer will release its full earnings report later this month.

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