Samsung Electronics posted its quarterly guidance ahead of the release of its detailed fiscal report, and for the second quarter in a row the Korean company expects a drastic decline in profits. The consolidated figures show an operating profit of KRW0.5-0.7 billion ($455 million), which is over 95% less than the same period last year. The sales figures were also down, both quarterly and yearly. Estimations are between 59 and 61 trillion KRW in total revenue, which is about $46 billion. (all units inKRW / USD) Q2 2023Earnings Guidance Q1 2023 QoQ Change Q2...
Source: https://www.gsmarena.com/samsung_forecasts_troublingly_low_profits_in_q2_2023-news-59112.php
