From DailyTech: Samsung Electronics Comp., Ltd. (KRX:005930) (KRX:005935) expects to live up to its own hype, beating analyst estimates with a modest Q1 2015 profit, according to a forecast [press release] the gadgetmaker released Tuesday. Last year was a rocky one which saw Samsung's high end smartphone sales collapse and its profit with it. The year closed with a holiday quarter that saw Samsung being bumped to second place in global smartphone sales behind perennial rival Apple, Inc. (AAPL).
Q1 2015 won't necessarily mark Samsung's return to the lead in smartphone volume, but it did see signs of life for the South Korean OEM. Analyst surveys by Bloomberg and Thomson Reuters I/B/E/S had forecast a profit of KRW¥5.5T and KRW¥5.3T ($5.05B and $4.86B USD), respectively. Instead Samsung managed to pull off the surprise, earning an estimated KRW¥5.9T ($5.41B USD). Interestingly it achieved that success in spite of posting a revenue of only an estimated KRW¥47T (~$43.1B USD) -- well short of the Bloomberg analyst consensus forecast of KRW¥50.1T (~$46B USD).
It should be noted that Samsung's reported numbers are an earnings guidance based on the Korean version of the International Financial Reporting Standards (IFRS), commonly referred to as K-IFRS. Samsung said its final numbers should fall on the range KRW¥46-48T for revenue and KRW¥5.7T-6.1T for profit.
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