News Formal

Samsung Electronics Q1 profit tops market expectations on solid chip demand

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

SEOUL :Samsung Electronics Co Ltd reported on Thursday an estimated 50per cent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, beating expectations as solid demand underpinned prices for memory chips.Earnings at the world's largest memory chip and smartphone maker wer

SEOUL :Samsung Electronics Co Ltd reported on Thursday an estimated 50per cent jump in quarterly operating earnings to post its highest first-quarter profit since 2018, beating expectations as solid demand underpinned prices for memory chips.

"The guidance beat market expectations, probably due to memory chip shipments and prices being better than expected," said Park Sung-soon, analyst at Cape Investment & Securities. "After the contamination issue at Kioxia, I think there were rush orders for NAND Flash chips made to Samsung for products that were meant to be secured from Kioxia," Park said.

 

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:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

These 4 Singapore Blue-Chip Stocks Could Boost Your Portfolio: Here’s WhyClear catalysts could set the stage for these four blue-chip companies to perform well this year. The post These 4 Singapore Blue-Chip Stocks Could Boost Your Portfolio: Here’s Why appeared first on The Smart Investor.
Source: YahooSG - 🏆 3. / 71 Read more »