Samsung Q1 2016 official earnings guidance exceeds expectations
Samsung's earning guidance has always been on spot, so there is no doubt that Q1 2016 will close with excellent results. Not long ago, analysts were expecting for Samsung to miss expectations, the two main reasons for this being the company's declining sales in China, as well as a $500 million loss expected for its display business.
Fortunately, the very good sales of the Galaxy S7 family managed to overturn the initial anticipations. Although the figures are not final yet, Samsung's official earnings guidance looks great - a consolidated profit of $5.7 billion and consolidated sales of no less than $42.3 billion. Compared to last year's first quarter, these figures stand for a 10 percent increase in operating profit and a minor increase in sales of less than 5 percent.
Unfortunately, Samsung did not reveal any details yet, but everything should become clear later this month, when the tech giant is going to reveal all the final numbers for the first quarter. Until then, stay tuned.
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