earnings outlook Archives | Be Korea-savvy
Samsung Electronics Tipped to Recover from Q3: Analysts

Samsung Electronics Tipped to Recover from Q3: Analysts

SEOUL, May 2 (Korea Bizwire) — Samsung Electronics Co. is expected to bounce back from its first-quarter earnings shock from the third quarter of this year thanks to a recovery in chip demand, analysts said Thursday. Samsung’s net profit nose-dived 57 percent on-year to 5.04 trillion won (US$4.3 billion) in the January-March period, the lowest [...]

Brokerages Further Cut Q1 Corporate Earnings Estimate

Brokerages Further Cut Q1 Corporate Earnings Estimate

SEOUL, Apr. 24 (Korea Bizwire) — South Korean brokerages have cut their forecasts for the first-quarter operating profits of major listed firms by 33 percent since earlier this year, as the companies are expected to feel the pinch of slowing global demand and the U.S.-China trade dispute, a market researcher said Wednesday. Brokerages expected 136 [...]