Samsung estimates its operating profit to have increased to 6.6 trillion Korean won ($4.9 billion) in the January-to-March quarter, from the 0.64 trillion won reported a year earlier, according to an earnings guidance released on Friday. The forecast is higher than consensus estimates of 5.4 trillion won from FactSet.
Sales are expected to have risen by more than 11% to 71 trillion won, the world’s biggest memory chip maker added.
Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.
- Sales: 70 trillion to 72 trillion Korean won
- Operating Profit: 6.5 trillion to 6.7 trillion Korean won
The upbeat forecast comes after Samsung reported four straight quarters of declining profits, as demand for consumer devices and the chips that power them remained sluggish last year.
