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Samsung Expects A $6.77 Billion Operating Profit For Q3 2024, A 274 Percent Annual Growth; Below Expectations As Company Apologizes For Sub-Par Performance

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Samsung announces Q3 2024 earnings guidance

A healthy profit stream this year meant that Samsung was smiling all the way to the bank, with its Q2 2024 financial results witnessing a whopping 15-fold operating profit increase compared to the same period a year ago. The Korean giant recently announced its guidance for Q3 2024, and while Samsung expects to post a promising net earnings figure, the company also issued an apology, saying that the results were below market expectations. Lagging behind its rivals, Samsung has been unsuccessful in supplying high-end chips to NVIDIA, resulting in a missed opportunity during the booming AI market As reported by […]

Read full article at https://wccftech.com/samsung-announces-q3-2024-earnings-guidance/

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