Samsung, the world's biggest technology firm in terms of revenue, said net profit for July to September fell to 3.442 trillion won ($3.086 billion) from 4.455 trillion a year earlier.
The company, the world's largest maker of memory chips and flat-screen displays, had recorded a net profit of 3.506 trillion won in the second quarter.
Third-quarter operating profit was 4.252 trillion won, down 12.6 per cent, and revenue was 41.273 trillion, up 2.6 per cent from a year earlier. Those figures were in line with the firm's earnings guidance issued earlier this month.
Samsung's strong performance in the telecoms sector helped compensate for weakness in flat panels.
The company said its telecoms businesses achieved record quarterly sales of 14.9 trillion won, up 37 per cent from the previous year, with growth mainly driven by strong sales of Galaxy smartphones.
Operating profit for the businesses also hit a record 2.52 trillion won.
Samsung vice president Robert Yi said in a statement the company achieved a solid quarterly performance despite the economic slowdown in developed markets, thanks partly to strong smartphone sales.
The company said it expected sales of mobile devices to stay strong and flat-panel TV shipments to rise in the fourth quarter. But Yi said that in light of global uncertainty, "we cannot rule out the possibility of demand growth slowing compared to previous years."
Related Post:
earnings Report
- Earnings Reports Next Week April 30-May 4 2012
- Starbucks Q2 earning estimates report april 26 2012
- Zacks Analyst AT&T earning estimates released april 24 2012
- AT&T Ahead of Apple Earnings released april 24 2012
- Petrobras forecast 2012
- BMW net profit rose third quarter 2011
- Zipcar will earnings report november 2 2011
- MasterCard financial results third quarter of 2011
- Sony (SNE) earning report per share november 2 2011
No comments:
Post a Comment