|Day's Range||2,478,000.00 - 2,532,000.00|
|52 Week Range||1,456,000.00 - 2,566,000.00|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||25.45 (1.22%)|
|1y Target Est||N/A|
SEOUL, South Korea (AP) — After a tumultuous year when its chief was jailed and its fire-prone smartphones were recalled and then discontinued, Samsung Electronics has reported record high quarterly earnings thanks to booming demand for memory chips.
Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June. The world's biggest maker of memory chips, smartphones and television sets is widely expected to break profit records for the full year, as better-than-forecast performance in its mobile business lifted quarterly operating profit slightly above its early-July guidance, analysts said. The company on Thursday also announced its third share buyback of the year, at 1.7 trillion won ($1.53 billion) worth of common shares, as part of the 9.3 trillion won annual total that Samsung promised in January.