Monday, October 6, 2014

Samsung's Q3 operating profits drop by more than half

Earlier this month, Samsung warned that its third quarter operating profits would be dropping along the lines of 45% year-over-year. Sure enough, on Tuesday morning, Samsung said that the third quarter of the year was not a good one. In fact, the manufacturer said that its operating profits declined by more than 50% from last year's Q3.



For the quarter, the Korean company estimates that its operating profits fell 57.8% to 61.8%. That works out to a range between $3.6 billion and $4 billion USD. Analysts were expecting a profit of $4.04 billion for the three month period. Last year, Samsung ...



from PhoneArena - News http://ift.tt/1s60mp9

0 comments:

Post a Comment