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Samsung's Q3 profit misses estimates
Samsung apologizes to investors over weak Q3 guidance, poor chip performance
The Korean giant's stock price is down 24% this year as it struggles to keep up with rivals.
Samsung Q3 profit jumps 274%, but misses estimates; tech giant apologizes for lagging behind in AI chip market
Samsung Electronics reported a preliminary operating profit of approximately 9.1 trillion won ($6.8 billion) for the quarter ending September 30, missing the 10.3 trillion won forecast by LSEG SmartEstimate.
Samsung's Q3 profit misses estimates as it struggles in AI chips
Samsung Electronics estimated on Tuesday its third-quarter operating profit jumped 274%, but that was short of analysts' estimates as the tech giant struggled to capitalise on strong demand for chips used in artificial intelligence servers.
Datacenter Dynamics
4d
Samsung issues apology ahead of Q3 2024 results; quashes foundry spin off rumors
Samsung Electronics has issued an apology after the company released disappointing preliminary Q3 2024 results. Although the ...
EconoTimes
5d
Samsung's Q3 Profits Expected to Jump 4X on Chip Demand, but AI Chip Lag Raises Concerns
Samsung Electronics is projected to report a four-fold increase in Q3 operating profit due to recovering chip demand. However ...
DPA International on MSN
4d
Samsung's Q3 guidance disappoints market, stock drops
Samsung's third quarter earnings guidance showed a consolidated operating profit of about 9.1 trillion won ($6.74 billion), ...
Fiiber on MSN
2d
Samsung issues apology for lagging innovation, vows to regain competitive edge
Samsung Electronics has openly acknowledged its recent shortcomings in an official letter following the release of its Q3 ...
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