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Samsung Posts Record High Q3 Operating Profit

By Warren Paige

Samsung Electronics (OTC: SSNLF), the world’s biggest smartphone manufacturer by shipments, said on Friday that it anticipates to post an operating profit of 9.9 trillion won to 10.3 trillion won ($9.2 billion to $9.6 billion) for the fiscal third quarter ended September 30. The South Korean Company posted an operating profit of 9.5 trillion in the preceding quarter. In the same quarter of the last fiscal year, Samsung had posted an operating profit of 8.06 trillion won. Sales are expected to be in the range of 58 trillion to 60 trillion won up from 52.2 trillion won in the same period of last year

October 4th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.