Samsung Electronics shares hit another record high

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 1 week ago '09        #1
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Tiko377 1623 heat pts1623
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Samsung Electronics shares hit another record high
 

 
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Despite all of the troubles that it has had to put up because of the Galaxy Note 7 over the past few months, investors are still confident in Samsung’s business and that confidence is reflected in the performance of the company’s stock. Samsung Electronics shares have hit a fresh record high of 1.86 million won (roughly $1,550) a pop. This wasn’t just the intraday high but the stock’s closing price yesterday and the level appears to be holding so far, it was a 2.82 percent increase of 51,000 won from the previous day.

The recent rally can partly be attributed to Samsung’s earnings guidance for the fourth quarter of 2016. The company expects to post a 50 percent year-over-year increase in operating profit despite the fact that it has had to absorb the financial impact of the Galaxy Note 7 recall. However, the company’s bottom line has been supported by robust sales of its chips and displays that have helped offset the losses from the Galaxy Note 7.

Samsung is due to announce the full earnings report for Q4 2016 in the near future. Investors are likely to remain interested in the company’s stock as it’s expected to come out swinging for the fences with the Galaxy S8.

visit this link https://www.sammobile.com .. r-record-high/
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7 comments for "Samsung Electronics shares hit another record high"

 1 week ago '06        #2
LeMar G 233 heat pts233
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Their stock got hot and exploded outta nowhere
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 1 week ago '10        #3
robfromlbc 2 heat pts
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Goatsung
Apple is beyond inferior
 1 week ago '05        #4
Y.G. 27 heat pts27
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 LeMar G said:
Their stock got hot and exploded outta nowhere
This joke gets funnier and funnier after the 1,394th time you've heard it.


[pic - click to view]

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 1 week ago '06        #5
LeMar G 233 heat pts233
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 Y.G. said:
This joke gets funnier and funnier after the 1,394th you've heard it.


[pic - click to view]

What joke?
 1 week ago '05        #6
Y.G. 27 heat pts27
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 LeMar G said:
What joke?
That backtrack
 1 week ago '06        #7
LeMar G 233 heat pts233
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 Y.G. said:
That backtrack
umm u ok bruh?


edit: nvm i think i get it now
 7 days ago '11        #8
GrindPOWER$ 368 heat pts368
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somebody on boxden just made some paper... spend with ya boy
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