Samsung Predicts Record Operating Profit

October 4, 2013 at 2:43 am PT

Samsung Electronics Co. issued guidance for record operating profit in the third quarter, but the company could face pressure from shareholders to unleash its cash pile as saturation in the smartphone market threatens a slowdown in earnings growth for the South Korean company.

The world’s biggest smartphone maker by shipments said Friday it expects operating profit of between 9.9 trillion won and 10.3 trillion won ($9.2 billion and $9.6 billion) for the three months ended Sept. 30. It posted record operating profit of 9.5 trillion won in the second quarter.

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Tagged with: earnings, Jonathan Cheng, Min-Jeong Lee, Samsung, smartphones, The Wall Street Journal, WSJDN

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