Samsung posted its detailed financial results today for the first quarter of 2024, and it's really positive. The Korean giant reported an operating profit of KRW6.61 trillion ($4.85 billion), which is a tenfold increase over the same period last year. A major reason why profit is back to 2022 levels are the strong sales of flagship Galaxy S24 phones and higher prices for memory semiconductors, the report states. Overall revenue also rose 13%. Expectations for the second quarter are that...
GM said it raised its full-year earnings guidance and set a first-quarter
Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at 6.6 trillion won ($4.8 billion), up from the 640 billion won ($465 million) it earned during the same period last year. Revenue rose by nearly 13% to 71.9 trillion won...
Samsung is the latest company to profit from AI demand, as its profits have increased more than fourfold compared to a year earlier.
Fiserv, a provider of payments and financial services technology solutions, announced its financial results for the first quarter of 2024 on Tuesday.
Banco Santander SA reported on Tuesday that its net profit was €2.57 billion in the first quarter of 2024 year over year.According to the bank's report, net interest income amounted to a record €11.9
New figures published by Radiocentre Ireland show that revenues generated by the Irish radio sector rose by a modest 2% in the first quarter of 2024. According to the Radiocentre figures, revenues of €39.6m in the first three months of the year, a 2% increase on the same period in 2023. This follows on from […]
The tech giant reported blowout Q1 2024 results on Tuesday, with an operating profit of 6.61 trillion Korean won ($4.76 billion) - up an eye-popping 932.8% compared to the same period last year. That crushed analyst expectations of 5.94 trillion won and was bang on their pre-release guidance from earlier this month.Read Entire Article
(Reuters) -Norwegian Cruise Line Holdings raised full-year profit forecast on Wednesday after it topped first-quarter earnings estimates, betting on higher ticket prices and record demand for cruise vacations to destinations like the Caribbean. However, its shares dropped 9% after quarterly revenue fell short of analysts' expectations. Last week, rival Royal Caribbean Group raised its annual profit forecast for the second time since February.
SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound
SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. The South Korean semiconductor and smartphone giant said its operating profit for the Jan-March quarter came in at
Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips