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“Samsung expects first-quarter profit to soar 931% as memory chip prices rebound”

“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… Continue Reading…

Business

“Samsung expected to report 80% profit plunge as losses mount at chip business”

“…The South Korean technology giant will issue earnings guidance on Wednesday. Analysts polled by LSEG expect operating profit of 2.3 trillion Korean won ($1.7 billion) for the September quarter, a 78.7% year-on-year decline. Revenue is expected to come in at… Continue Reading…