“Samsung expects first-quarter profit to soar 931% as memory chip prices rebound”
April 8, 2024
“Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in the January-March quarter likely rose to 6.6 trillion Korean won ($4.89 billion), up 931% from a year ago, according to a preliminary statement. Profit in the first quarter of 2023 was 0.64 trillion won.
The profit guidance for the first quarter of 2024 exceeds LSEG’s estimate of 5.24 trillion won…”
https://www.cnbc.com/2024/04/05/samsung-q1-2024-earnings-guidance-memory-chip-prices-rebound.html