Samsung predicts 56 per cent drop in 2Q profit on weak chip market

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 99%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 56 per cent from a year earlier amid a weak market for memory chips.

SEOUL, Korea, Republic Of -- Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 56% from a year earlier amid a weak market for memory chips.

The company said its revenue likely fell 4% to 56 trillion won , but did not provide a detailed account of its performance by business division. It will release a finalized earnings report later this month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil companies refuse to provide gas profit data to B.C. utility regulatorProvincial government urges Husky, Suncor, Imperial and Shell to reconsider, while utilities commission says it has power to issue court order compelling provision of such information GlobeBC Why should they? Besides, the high prices achieve exactly what the government wants. GlobeBC Of course they do. Need more time to doctor the numbers. 🤔 GlobeBC They're dinosaurs...they'll be out of business soon enough, well before the end of the century I should hope.
Source: globeandmail - 🏆 5. / 92 Read more »