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Samsung slashes profit guidance, creating further uncertainty in tech industry

Samsung Electronics dramatically cut its guidance for fourth-quarter profits as demand falls for its memory chips and smartphones......»»

Category: topSource: washpostJan 8th, 2019

Samsung Electronics forecasts weaker 2019 earnings as chip sales slow

Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips......»»

Category: topSource: reutersJan 30th, 2019

Samsung Electronics forecasts weaker 2019 earnings as chip sales slow

Samsung Electronics warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. Pascale Davies reports......»»

Category: videoSource: reutersJan 31st, 2019

Samsung warns of second-quarter profit fall as coronavirus hits sales of phones, TVs

Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid......»»

Category: topSource: reutersApr 29th, 2020

Samsung Elec first quarter operating profit up 3% as chips soften virus blow

Samsung Electronics Co Ltd said its operating profit rose 3% in the January to March period, in line with its earlier estimate, as the stay-at-home trend due to the COVID-19 pandemic cushioned the virus blow......»»

Category: topSource: reutersApr 28th, 2020

Samsung first-quarter beats estimates; chips likely to prop up virus-hit second-quarter

Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs......»»

Category: topSource: reutersApr 7th, 2020

Samsung Electronics sees gradual chip rebound in 2020 after fourth-quarter profit plunge

Samsung Electronics Co Ltd said on Thursday it expects earnings to bounce back in 2020 after a fourth-quarter slump, helped by a gradual recovery in memory chip demand from data center customers and 5G smartphone makers......»»

Category: topSource: reutersJan 29th, 2020

Samsung Electronics says fourth-quarter profit slumped 34%, flags gradual chip recovery

Samsung Electronics Co said on Thursday its fourth-quarter operating profit slid by a third as the South Korean conglomerate soaked up a downturn in the memory chip market, but forecast a gradual recovery in chip prices this year......»»

Category: topSource: reutersJan 29th, 2020

Samsung"s profits fall by half in third quarter

Samsung Electronics was upbeat on Thursday even though it reported that third-quarter operating profit more than halved due to low prices of memory chips, saying chip sales should pick up next year. Ryan Brooks reports......»»

Category: videoSource: reutersOct 31st, 2019

Samsung Elec upbeat on chip outlook as third-quarter profit plunges

Samsung Electronics Co Ltd said chip sales should pick up next year after it reported on Thursday that third-quarter operating profit more than halved due to low prices of memory chips amid a prolonged industry downturn......»»

Category: topSource: reutersOct 30th, 2019

Samsung warns its profit fell 56%, but the worst could be over

Samsung is warning investors that its third quarter profit likely plunged 56%, as the company continued to struggle with sluggish demand for memory chips......»»

Category: topSource: moneycentralOct 8th, 2019

Chip stocks take a hit after Samsung warns profit could be cut in half

Shares of semiconductor makers suffered broad weakness Friday, in the wake of a warning from South Korea-based electronics behemoth Samsung Electronics Co. that second quarter profit could less than half what it was last year......»»

Category: topSource: marketwatchJul 5th, 2019

Chip stocks take a broad beating after Samsung warns profit could be cut in half

Shares of semiconductor makers suffered broad weakness Friday, in the wake of a warning from South Korea-based electronics behemoth Samsung Electronics Co. that second quarter profit could less than half what it was last year......»»

Category: topSource: marketwatchJul 5th, 2019

Samsung quarterly profit likely fell sharply as chips drop

Samsung Electronics Co. says it's operating profit for the last quarter likely fell more than 60% from a year earlier amid falling memory chip prices and slowing demand for display panels......»»

Category: topSource: foxnewsApr 5th, 2019

Samsung Electronics says first-quarter profit likely fell 60 percent as chip prices hit

South Korea's Samsung Electronics Co Ltd said on Friday its first-quarter operating profit likely slid 60 percent from a year earlier, as a glut in memory chips, slowing panel sales and rising competition in smartphones hit margins......»»

Category: topSource: reutersApr 4th, 2019

Samsung Electronics flags mobile weakness as chips power record first-quarter profit

SEOUL (Reuters) - Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers......»»

Category: topSource: reutersApr 26th, 2018

Samsung Electronics Posts Flat Second-Quarter Net Profit

Samsung Electronics Co. reported flat second-quarter net profits, as a big drop in mobile phone profits dragged down results that were again buoyed by its strength in memory chips......»»

Category: smallbizSource: wsjJul 31st, 2018

Samsung Electronics third-quarter profit seen at record, but peaking, as chips shine

Samsung Electronics Co Ltd is set to post a hefty jump in third-quarter profit to record levels after its chip unit put in a sterling performance on demand from data centers and improved production yields......»»

Category: topSource: reutersOct 2nd, 2018

Samsung Electronics posts record third-quarter profit but warns of weaker earnings ahead

Samsung Electronics Co Ltd forecast weaker earnings on Wednesday as it posted record operating profit in the third quarter, meeting expectations thanks to sales of semiconductors to data centers and higher production yields......»»

Category: topSource: reutersOct 30th, 2018

Samsung slashes capex, calls an end to chip boom after record third quarter

Samsung Electronics Co Ltd slashed 2018 capex by more than a quarter on Wednesday and warned of lower profit until early next year, calling an end to a two-year boom in memory chips that fueled record third-quarter profit......»»

Category: topSource: reutersOct 30th, 2018