Samsung 3Q Earnings - $$
posted on
Oct 05, 2009 10:00PM
IMO, we best be getting our bang for the buck - all is well at Samsung!
Samsung Electronics Co., Asia’s biggest maker of chips, flat screens and mobile phones, reported preliminary third-quarter earnings that exceeded analysts’ estimates.
Operating profit, including earnings from overseas affiliates, ranged from 3.9 trillion won ($3.3 billion) to 4.3 trillion won, the Suwon, South Korea-based company said in a statement today. That compares with the 3.85 trillion won median estimate in a Bloomberg survey of 10 analysts. Earnings jumped from 1.48 trillion won a year earlier.
Higher prices of chips and flat screens, coupled with increasing demand for Samsung’s mobile phones and televisions have prompted analysts at brokerages including Morgan Stanley to raise their earnings estimates on the company in the past month. The stock has gained more than 60 percent this year as analysts project Samsung to report record quarterly net income this month.