The Samsung train just keeps rolling. The Wall Street Journal reports that Samsung has issued guidance for its upcoming third-quarter earnings report projecting that the company will post a record operating profit of between $9.2 billion and $9.6 billion on the quarter. All is not completely rosy, however: The Journal quotes HMC Investment & Securities analyst Greg Roh, who projects that “despite record-high earnings, doubts over the sustainability of smartphone-driven profits hint at an overall valuation discount for Samsung,” meaning that Samsung’s earnings growth may be in line to stall in the near future. Samsung will release its full earnings report later this month, which will give us a better idea of whether the company is still raking in cash from its smartphone business or whether it’s making more money from its component supply business.
Samsung says it’s on pace for a record operating profit
Published Oct 4th, 2013 8:00AM EDT
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
