Jenny Lee / CNBC : Samsung reports Q3 revenue up 127% YoY to a record ~$146.3B and a record operating profit up 783% to ~$80.5B, both roughly in line with estimates — - Samsung Electronics reported third-quarter earnings on Thursday, with operating profit broadly in line with analysts' estimates
Samsung reports Q3 revenue up 127% YoY to a record ~$146.3B and a record operating profit up 783% to ~$80.5B, both roughly in line with estimates (Jenny Lee/CNBC)
In short
Samsung Electronics reported its latest financial results on Thursday, highlighted by massive year-over-year growth across key performance metrics. The company achieved a record total revenue of approximately $146.3 billion alongside historic operating profits of roughly $80.5 billion. Both of these headline financial figures landed broadly in line with prevailing market and analyst estimates.
Key points
- The reported record revenue matched the expectations set by financial market analysts.: The reported record revenue matched the expectations set by financial market analysts.
- Surging profitability reflects an exceptional year-over-year operating profit increase of…: Surging profitability reflects an exceptional year-over-year operating profit increase of 783 percent.
- Both major performance metrics met Wall Street estimates without creating substantial une…: Both major performance metrics met Wall Street estimates without creating substantial unexpected variance.