Samsung’s Q1 2017 result expected to beat expectations

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Financial analysts have made several predictions about how Samsung’s first quarter of 2017 is going to turn out. Some suggested that the company would see a 40 percent increase in operating profit but this was
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just two weeks ago. According to a new report out of Korea, the company is likely to post results that beat market expectations.

A local securities firm predicts that due to the stellar performance of its chip business, Samsung is going to post a market forecast-beating operating income for the first quarter of 2017. NH Investment & Securities forecasts an operating income of 9.6 trillion won or $8.59 for the quarter ending March 2017, higher than the market estimate of 8.9 trillion won or $7.7 billion.

The company is expected to recoup its losses from a seasonal decline in display and mobile demand through improved sales of its DRAM and
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products. The mobile division is expected to contribute more to the bottom line from Q2 as
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later this month and start selling it from April. It expects the division’s earnings to pick up due to higher demand for a new Samsung flagship.

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