Samsung Profit Dips, but Shares Surge
598037
Samsung said Friday that second-quarter net profit fell 5 percent from a year ago on price declines for its mainstay computer memory chips, but expressed confidence a rebound in the market would bolster earnings.
221795
LONDON, September 20  - Samsung Electronics (SSUN.FSE) expects its global semiconductor sales growth to decline below 10% next year, from the estimated 20% for 2004.
47877
Samsung Electronics, the world's top memory chip maker, reported its smallest quarterly profit in four years after steep declines in computer memory chip prices overshadowed improvements in flat screens.
94948
(InfoWorld) - Samsung Electronics saw a sharp fall in operating profits during the three months from April to June due to theÂ weak marketÂ for computer memory chips. Prices of the chips, which are used for the main memory in personal computers, fell because supply exceeded demand. That hit Samsung because it's one of the world's largest makers of DRAM (dynamic RAM) chips. The company said operating profit was 910 billion won ($985 million) as of the last day of the period being reported), which is down from 1.4 trillion won ($1.5 billion) in the second quarter of 2006. Net profit, which is a wider measure of profitability and includes subsidiaries and non-core operations, was down slightly at 1.42 trillion won from 1.5 trillion won a year earlier. Net sales were up 4 percent to 14.6 trillion won. "Despite the dire business environment, such as the precipitous fall of DRAM (dynamic RAM) prices and seasonality, we have posted a decent result in Q2," said Chu Woosik, head of investor relations at Samsung, in a conference call with analysts. Profits at Samsung's semiconductor unit dropped by two-thirds as a result of the weak DRAM market. The good news, said Chu, is that the DRAM market is already starting to show signs of a turn-around, thanks to interest in Windows Vista PCs, which require more memory. During the remainder of the year the market for DRAM chips is expected to be strong, he said. Strong demand for Apple's iPhone and competing handsets are alsoÂ expected to keep up pricesÂ and profits for NAND flash memory, which is Samsung's other major memory chip product, strong. Chu said Samsung is in talks with several consumer electronics companies about supplying chips for as-yet-unannounced portable media players with video. Samsung's cellphone handset business was one of the brightest spots in the results. The company shipped a record 37.4 million phones in the quarter thanks to the popularity of its thin "Ultra" edition handsets. The second quarter was the fourth consecutive quarter in which Samsung reported record sales. As a result Samsung said it now expects to ship more than 150 million phones this year, up from its previous target of 133 million. The LCD (liquid crystal display) business enjoyed brisk business and Samsung shipped a record 2 million displays in the 40-inch and above class. Sales rose by 17 percent and operating profits surged 290 percent. Looking ahead, Chu said Samsung expects the remainder of the year to be strong for the company. "We are very optimistic about the second half," he said. "We are expecting all of our major business units to experience very high levels of demand and recovery starting from Q3. As a result of such an improvement coupled with our vigorous attempts to reduce cost, we are hoping to see significant improvements in the bottom line in Q3. We expect this nice recovery to last throughout the rest of the year." Â
281833
Google Inc  reported a lower-than-expected quarterly profit on Thursday and predicted further spending to shore up its operations, sending its shares down as much as 9.5 percent.
413814
Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said its quarterly profit  more than tripled, but growth in handset volumes disappointed  Wall Street and its shares fell 4.5 percent.
345704
Falling flat screen prices hit Samsung's quarterly profits.
648548
Seoul shares retreated from a one-month  high early on Wednesday as recent outperformers such as Hyundai  Heavy fell on worries a four-day rally had been excessive given  persistent doubts about the economy and corporate profits.
18080
Samsung Electronics Co. Ltd.'s  005930.KS quarterly profit jumped 46 percent from a year ago  on strong memory chip earnings, but fell from the previous  quarter on sinking prices of flat screens for TV and computers.
33867
SAMSUNG Electronicsâs quarterly profit jumped 46 per cent from a year ago on strong memory chip sales, but fell 14 per cent from the previous quarter as prices of flat screens for TV and computers fell.
423893
The investment firm posts a strong profit report, but shares slid.
139193
Samsung Electronics expects profit from mobile devices to pick up next year, despite a rating cut issued by an investment bank. During a presentation at the UBS investor conference in Seoul, Samsung
129820
The electronics giant reports a fall in profits at the same time as rivals Matsushita and Canon see their profits increase.
475195
Texas Instruments Inc posted a 10 percent rise in quarterly profit on Monday, but gave a disappointing revenue forecast due to the loss of some business at customer Ericsson, sending its shares down as much as 4 percent.
319736
Its net income during the June to September period was 2.69tr won (Â£1.2bn), 46% up on the same period a year earlier. During the period, which is Samsung Electronics&#39; fiscal third quarter, the company said
303618
The world's largest chipmaker posted a whopping profit but investors concerns centered around lower-than-expected sales.
119163
South Korea&#39;s LG Electronics Inc.  (066570.KS) swung to a profit in the second quarter as a  turnaround in its LCD venture and strong mobile phone sales  outweighed heavy losses in its plasma display business.