News Summary: Samsung sees quarterly earns at high

News Summary: Samsung sees quarterly earnings at new high as operating profit nearly doubles

Associated Press
News Summary: Samsung sees quarterly earns at high

View photo

Visitors walk by a billboard of Samsung Electronics's product at a showroom of its headquarters in Seoul, South Korea, Friday, Oct. 5, 2012. Samsung Electronics Co. tipped all-time high quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders. (AP Photo/Lee Jin-man)

GOOD QUARTER: Samsung Electronics Co. forecast another record quarterly operating profit. The guidance for Samsung's third-quarter earnings showed it was on track to report a record-high profit for a fourth straight quarter.

STRENGTHS AND WEAKNESSES: Strong sales of high-end smartphones are expected to offset weak semiconductor orders.

LOOKING AHEAD: Analysts say a rise in marketing spending will decrease the company's profit in the October-December quarter and sustaining fat margins in premium mobile devices could be increasingly tough.

View Comments (0)