UPDATE: Samsung has now revised its guidance following the premature end of Galaxy Note7. Samsung says its operating profit is estimated to be around 5.2 trillion won.
Samsung has announced the earnings guidance for the recently concluded quarter. According to their estimated figures based on K-IFRS, Samsung expects the consolidated sales for Q3 2016 at 49 trillion won with consolidated operating profit at 7.8 trillion won.
In comparison with the historical data, Samsung expects a drop in the sales compared to the last quarter as well as same quarter last year.
This quarter also reflects the cost incurred for the Galaxy Note7 recall and we’ll get a clear idea how much that cost the company when they publish the final results later this month. Galaxy Note7 recall
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