{"id":87844,"date":"2024-04-05T01:32:52","date_gmt":"2024-04-05T05:32:52","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87844"},"modified":"2024-04-05T01:24:08","modified_gmt":"2024-04-05T05:24:08","slug":"samsung-expects-first-quarter-profit-to-soar-931-as-memory-chip-prices-rebound","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2024\/samsung-expects-first-quarter-profit-to-soar-931-as-memory-chip-prices-rebound.html","title":{"rendered":"Samsung expects first-quarter profit to soar 931% as memory chip prices rebound"},"content":{"rendered":"\n<p>(CNBC) Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in the January-March quarter likely rose to 6.6 trillion Korean won ($4.89 billion), up 931% from a year ago, according to a <a rel=\"noreferrer noopener\" href=\"https:\/\/news.samsung.com\/global\/samsung-electronics-announces-earnings-guidance-for-first-quarter-2024\" target=\"_blank\">preliminary statement<\/a>. Profit in the first quarter of 2023 was 0.64 trillion won. The profit guidance for the first quarter of 2024 exceeds LSEG\u2019s estimate of 5.24 trillion won.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/04\/05\/samsung-q1-2024-earnings-guidance-memory-chip-prices-rebound.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in the January-March quarter likely rose to 6.6 trillion Korean won ($4.89 billion), up 931% from [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87844","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87844"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87844\/revisions"}],"predecessor-version":[{"id":87845,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87844\/revisions\/87845"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}