Samsung's Q2 2016 Earnings Guidance is out, profits soar

Samsung’s has released its Earnings Guidance for Q2 2016 for investors, media and analysts to use before the final audited results become available month.

The company expects consolidates sales to be $43.5 billion (KRW 50 trillion), while operating profit will amount to roughly $7 billion (KRW 8.1 trillion).

The expectations paint a better quarter compared to the previous one. Then, the company reported revenue of $43.06 billion (KRW 49.78 trillion) and operating profit of $5.77 billion (KRW 6.68 trillion).