SEOUL - Samsung Electronics Co Ltd said on Tuesday first-quarter profit would likely miss market expectations due to falls in chip prices and slowing demand for display panels, in an unprecedented statement ahead of its earnings guidance.
“The company expects the scope of price declines in main memory chip products to be larger than expected,” Samsung said in a regulatory filing pre-empting its earnings guidance due next week. Its sales were expected to fall to 53.7 trillion won from 60.6 trillion won a year ago, Refinitiv shows. Daiwa Securities forecast Samsung’s display panel division to swing to an operating loss of 620 billion won in the first quarter, while the semiconductor business’s operating profit would shrink.Uncertainties over U.S.-China trade tensions and China’s sluggish economy are clouding the outlook for global electronics makers, analysts say.
That's markets.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Samsung Elec sees green shoots in China smartphone business: co-CEOSamsung Electronics Co Ltd said on Wednesday its new Galaxy flagship smartphones...
Lees verder »
Samsung Electronics expects quarter one earnings to miss market forecastsSamsung Electronics said on Tuesday that it expects its first quarter earnings t...
Lees verder »
Samsung Elec sees green shoots in China smartphone business: co-CEOSamsung Electronics Co Ltd said on Wednesday its new Galaxy flagship smartphones...
Lees verder »
Samsung warns first-quarter earnings will fall short of expectationsSamsung, the world's largest smartphone maker, says it is due to weak memory and display business.
Lees verder »
FedEx falls after missing on earnings and revenueFedEx is set to report earnings after the bell How did they send in their earnings? Hope they 'deliver' a good 'package'!! Great puns there. (With help from my Singaporean Executive Assistant, Jon. We both guffawed at that.) Best, Michael
Lees verder »