Samsung Q3 2020 steering
Jean Chung | Bloomberg | Getty Pictures
Working revenue for the quarter possible got here in at 12.3 trillion Korean gained (about $10.6 billion) up from 7.78 trillion gained a yr in the past, Samsung stated in its earnings steering. That was larger than the ten.5 trillion analysts predicted for the September quarter, in accordance with Refinitiv SmartEstimate.
Consolidated gross sales had been roughly 66 trillion gained for the quarter, up about 6.5% from a yr in the past.
Although the corporate didn’t present a breakdown on how every enterprise unit carried out, some analysts beforehand predicted the September quarter outcomes could be pushed by an uptick in smartphone gross sales within the second half of 2020 and better total memory-related earnings.
Samsung posted an nearly 23% leap in working revenue to eight.1 trillion Korean gained (nearly $7 billion) within the three months between April to June.
Full outcomes for the September quarter are due later this month.
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