Samsung issued its earnings guidance for Q1 of 2018 and forecast sales of 60 trillion won ($56 billion) with profits of 15.6 trillion won ($14.5 billion). Analysts pointed to strong results from memory as well as the release of the Galaxy S9 and these two factors have offset concern from some about the display business. The result would be a record for the company.
Analyst Comment
Despite the strong expected result, at the time of the announcemnt, the company’s stock price fell on concerns about the potential effect of a trade war between the US and China. Samsung is a major supplier to Chinese companies that are expected to cut purchases if the dispute intensifies. (BR)
