Samsung announces pre-earnings guidance - missed forecast

Friday, 05 July 2013 09:48

SamsungRumors

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Samsung announces earning report and although th figures look good but it missed expectation for it’s quarterly earnings guidance. The main reason for the low results is mainly because of slow sale of its flagship device Samsung Galaxy S4. Samsung already lost market value of 39 trillion won ($34.2 billion) and it’s share prices already dropped 17 percent from June.

Here are the details from press release

• Sales: Approximately 57 trillion Won
• Operating Profit: Approximately 9.5 trillion Won

The above figures are consolidated earnings estimates based on K-IFRS. Korean disclosure regulations do not allow earnings estimates to be given in a range. Therefore, the above figures are the median of the earnings estimate range given below.

• Sales: 56 ~ 58 trillion Won
• Operating Profit: 9.3 ~ 9.7 trillion Won