Vertical Divider
Samsung Electronics and LG Electronics Report Strong Q320
Samsung Electronics announced preliminary 3Q results of 66t won (~$57b US) in sales up 6.4% Y/Y and 12.3t in operating profit, up 50.9% Y/Y. While Samsung does not give details until their full call later this month, general expectations are that the gains were driven by the semiconductor division, which was a result of Huawei’s aggressive pull forward of orders to beat the US sanctions deadline, and the mobile division, which saw increasing smartphones sales after a weak 1st half.
LG Electronics announced preliminary 3Q results of 16.9t won ($14.6b US) up 7.8% Y/Y in sales and 959b won in operating profit, up 22.7% Y/Y No specific details were given but we expect strength in the details later this month.
Samsung Electronics announced preliminary 3Q results of 66t won (~$57b US) in sales up 6.4% Y/Y and 12.3t in operating profit, up 50.9% Y/Y. While Samsung does not give details until their full call later this month, general expectations are that the gains were driven by the semiconductor division, which was a result of Huawei’s aggressive pull forward of orders to beat the US sanctions deadline, and the mobile division, which saw increasing smartphones sales after a weak 1st half.
LG Electronics announced preliminary 3Q results of 16.9t won ($14.6b US) up 7.8% Y/Y in sales and 959b won in operating profit, up 22.7% Y/Y No specific details were given but we expect strength in the details later this month.
|
Contact Us
|
Barry Young
|