Samsung has canceled the Galaxy Note7 and is now dealing with the fallout. Part of that is to revise the recently announced earnings guidance for Q3. The original guidance was looking forward to KRW 7.8 trillion operating profit ($7 billion, up 6% YoY) on sales of KRW 49 trillion ($43.9 billion). The revised numbers show KRW 47 trillion ($41.8 billion) in sales and KRW 5.2 trillion ($4.6 billion) in operating profit. Last year, the company made KRW 7.4 trillion and was on track to beat that and analysts expectations, but those plans went up in smoke. This represents the first drop in...
Source: http://www.gsmarena.com/samsung_reduces_q3_earnings_forecast_by_a_third-news-21024.php
