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Samsung Electronics (OTC:SSNLF) reported preliminary Q1 outcomes Thursday that included file quarterly revenues and its highest Q1 revenue since 2018.
South Korea’s greatest firm mentioned working revenue jumped 50% Y/Y to 14.1T gained (~$11.6B), effectively forward of the analyst consensus estimate 13.5T gained, on 18% greater gross sales to a file 77T gained, topping expectations of 74.9T gained.
“We count on stable earnings progress in 2022 on the again of wholesome earnings rebound in semiconductor and show in 2H 2022,” Citigroup’s Peter Lee mentioned forward of the outcomes, based on Bloomberg. “We count on Samsung’s reminiscence enterprise to profit from the reminiscence pricing power all through 2H 2022.”
The corporate will present web earnings and divisional efficiency when it reviews full earnings on April 28.
Samsung is the biggest smartphone vendor in Russia with a 30% market share as of This autumn 2021, and final month it mentioned it suspended shipments of all its merchandise to the nation.
