SAMSUNG EARNINGS OUTLOOK SUGGESTS SATURATION IN HIGH END PHONES $AAPL $NOK $GOOG $BBRY
Early Friday Samsung issued a sales and earnings outlook for the second quarter of 2013. The Korean firm’s estimate for sales is 56 – 58 trillion won and the estimate for operating profits is 9.3 – 9.7 trillion won. These numbers represent an 18% increase in sales and 44% increase in operating profits over the second quarter last year.
Stocks do not move based on absolute earnings and revenues, but they move based on the differential between the reality and analysts’ estimates. As good as Samsung’s numbers are they are below consensus estimates, just like Apple AAPL (AAPL) earnings over the last couple of quarters. … Please click here or the title below to read more.