Samsung Sees Q3 Profits Surging 58%
October 8, 2020
Samsung Electronics released its earnings guidance for the third quarter of 2020. They reported Q3 profit up 58% from last year. The firm's Q3 operating profit was pegged at 12.3 trillion Korean won which was more than the 7.78 trillion won they took in last year. Investors were only looking for 10.5 trillion Korean won in Q3 operating profit .
Consolidated sales came in at 66 trillion won for the quarter, up about 6.5% from last year.