Samsung's Q3 'miss' hides a margin beat
Samsung's Q3 reads like a miss until you do the margin math.
₩107.4T operating profit on ₩195.0T revenue is a 55.1% margin. Consensus (₩108.67T on ₩201.9T) implied 53.8%.
Less revenue than expected but more profit on every won of it. That's memory pricing holding up.
Sources: @zerohedge: *SAMSUNG 3Q OPER PROFIT 107.40T WON, EST. 108.67T WON · @zerohedge: *SAMSUNG 3Q SALES 195.00T WON, EST. 201.9T WON · @Sam_Badawi: What a miss. But yet… overnight doesn't care. $MU +0.2% · X News: Samsung Hits Record Quarterly Profit on AI Chip Boom
Not financial advice. For informational and educational purposes only.
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