Loading...
Market
What will be Samsung's Q3 2024 profit range?
3
Resolution / Starting Odds
Less than $6 billion • 25%
$6 billion to $7 billion • 25%
$7 billion to $8 billion • 25%
More than $8 billion • 25%
Samsung's official Q3 2024 earnings report
Story
Samsung Reports 15-Fold Surge in Q2 Profits, Driven by AI Technology, Reaching $7.5 Billion
Jul 4, 2024, 11:55 PM
Samsung Electronics has reported a significant surge in its second-quarter (Q2) profits, driven by rising memory chip prices fueled by advancements in AI technology. The company flagged a more than 15-fold increase in operating profit, reaching $7.5 billion, which surpassed Bloomberg's consensus estimate of $5.2 billion. This marks Samsung's highest profits since 2022. Following the announcement, Samsung's share price increased by 1.4% at the stock market's opening.
View original story
Similar markets
Below 8 trillion won • 25%
8-10 trillion won • 25%
10-12 trillion won • 25%
Above 12 trillion won • 25%
Less than 70 trillion won • 25%
70-75 trillion won • 25%
75-80 trillion won • 25%
More than 80 trillion won • 25%
8 - 10 trillion won • 25%
10 - 12 trillion won • 25%
Above 12 trillion won • 25%
Below 8 trillion won • 25%
8 to 9 trillion won • 25%
9 to 10 trillion won • 25%
Above 10 trillion won • 25%
Below $6 billion • 25%
$6-7 billion • 25%
$7-8 billion • 25%
Above $8 billion • 25%
Less than 8 trillion won • 25%
8-10 trillion won • 25%
10-12 trillion won • 25%
More than 12 trillion won • 25%
Below 70,000 KRW • 25%
70,000-75,000 KRW • 25%
75,000-80,000 KRW • 25%
Above 80,000 KRW • 25%
Below 250 trillion won • 25%
250-300 trillion won • 25%
300-350 trillion won • 25%
Above 350 trillion won • 25%