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Samsung Electronics Co Ltd Issues Q1 2013 Guidance; Operating Profit Guidance Above Analysts' Estimates


Friday, 5 Apr 2013 02:00am EDT 

Samsung Electronics Co Ltd announced that for the first quarter of 2013, it expects sales of approximately KRW52 trillion and operating profit of approximately KRW8.7 trillion. The above figures are the median of the earnings estimate range. The Ranges for first quarter 2013 sales is KRW51-KRW53 trillion and operating profit of KRW8.5-KRW8.9 trillion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of KRW53 billion and operating profit of KRW8.4 billion for the first quarter of 2013.