Samsung expects to report a hike of 58% in third quarter operating profits

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On Thursday, released its earnings guidance for the third quarter of 2020. For the three months from July through September, sales are expected to hit 66 trillion Korean won ($57.6 billion USD) with operating income of 12.3 trillion Korean won ($10.6 billion USD). That easily tops analysts’ expectations of 10 trillion won. Later this month, Samsung will report net income and will also restate the figures based on different product categories. If the numbers hold up when released at the end of October, operating income would be up 58% from the same quarter last year.
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