Samsung forecasts slowing profit growth for Q2, missing analyst estimates

Samsung forecasts slowing profit growth for Q2, missing analyst estimates

6 years ago
Anonymous $cyhBy-qkd5

https://techcrunch.com/2018/07/06/samsung-forecasts-slowing-profit-growth-for-q2-missing-analyst-estimates/

Samsung has put out earnings guidance for its Q2 which indicate quarterly growth at its slowest for more than a year — as a lack of new ideas to sell high end smartphones drags on the company’s bottom line.

The electronics maker is reporting estimated profit of 14.8 trillion Korean won (USD$13.2BN) on revenue of 58 trillion Korean won (USD$51.9BN) for the quarter.

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