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MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Samsung Electronics Co Ltd    A005930   KR7005930003

SAMSUNG ELECTRONICS CO LTD

(A005930)
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Samsung Electronics : Net Profit Falls 57% From Same Quarter A Year Ago, Lowest Since Q3 2016

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04/29/2019 | 06:23pm EST

By Timonthy W. Martin

SEOUL -- Samsung Electronics Co. reported a 57% decline in first-quarter net profit, as the technology giant wrestles with a postponed rollout of its foldable-screen phone and endures ongoing pain from a memory-market fall.

The world's largest smartphone and memory chips maker delayed the release last week of its Galaxy Fold handset, a potential game-changing product the company hoped would spark a sales turnaround for its struggling mobile division. Meanwhile, a pullback in global spending has sapped demand for its memory chips, with a pronounced fall off from data-server clients.

Samsung's results are a proxy for the global economy because of its dual role as one of the world's biggest hardware makers and a major supplier of electronics companies--including to rivals such as Apple Inc., which buys displays and chips from the South Korean company.

On Tuesday, Samsung said it notched a first-quarter net profit of 5.04 trillion South Korean won ($4.4 billion), a decline from 11.69 trillion won a year earlier. The Suwon, South Korea-based company's revenue slid to 52.39 trillion won, down from 60.56 trillion won a year ago.

Samsung's results compared with analysts' estimates predicting net profit of 4.9 trillion won and revenue of 52 trillion won for the quarter that ended March 31, according to S&P Global Market Intelligence.

The company's net profit ranked as its lowest since the third quarter of 2016, when the South Korean technology giant issued a costly global recall of Galaxy Note 7 handsets due to batteries that overheated.

Write to Timothy Martin at Timothy.Martin@WSJ.com

Stocks mentioned in the article
ChangeLast1st jan.
SAMSUNG ELECTRONICS CO LTD End-of-day quote.
SAMSUNG ELECTRONICS CO., LTD. 0.07% 1124 Delayed Quote.29.07%
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Financials (KRW)
Sales 2019 231 599 B
EBIT 2019 27 265 B
Net income 2019 21 471 B
Finance 2019 86 330 B
Yield 2019 2,69%
P/E ratio 2019 16,2x
P/E ratio 2020 12,1x
EV / Sales2019 1 511x
EV / Sales2020 1 388x
Capitalization 350 054 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 37
Average target price 58 684,68  KRW
Last Close Price 52 800,00  KRW
Spread / Highest target 26,9%
Spread / Average Target 11,1%
Spread / Lowest Target -18,6%
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NameTitle
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Sang-Hoon Lee Chairman
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