Samsung Expects 35% Operating Profit Dip In Q4 Amid Semiconductor Price Recovery
Portfolio Pulse from Benzinga Neuro
Samsung Electronics Co Ltd (OTC:SSNLF) expects a 35% drop in Q4 2023 operating profit due to semiconductor price recovery. The forecasted profit of 2.8 trillion won ($2.13 billion) is below the SmartEstimate of 3.7 trillion won. The company's revenue is also expected to decline by 4.9% year-over-year. Despite the downturn, Samsung continues to invest in AI and premium products and is launching the Galaxy S24 on Jan. 17.

January 09, 2024 | 1:41 am
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Samsung anticipates a significant 35% decline in Q4 operating profit due to semiconductor price recovery, with revenue also expected to fall by 4.9%. The company remains focused on new product launches and AI investments.
The projected decline in operating profit and revenue for Samsung is a significant negative indicator for the company's financial performance in the short term. The anticipation of lower earnings typically leads to bearish sentiment among investors, likely resulting in downward pressure on the stock price. However, the company's ongoing investments and upcoming product launches may mitigate some of the negative impact over time.
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