Samsung Earnings, Good And Bad

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By Douglas A. McIntyre Published
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Samsung released two pieces of information, one good and one bad. The first concerns the effect sales of its Galaxy smartphone and tablets had on its earnings in the most recent quarter. Profits rose to $5.9 billion. The data confirmed what Samsung’s place as the number one cell phone manufacturer has done for the company.

The results also show the extent to which it has gained on Apple (NASDAQ: AAPL). But investors were troubled by Samsung’s guidance. The company became the most recent multinational to raise a caution flag about results in Europe. The economy there is too weak to support past forecasts, Samsung indicated.

The outlook should trigger concerns among consumer electronics firms that have neither Samsung’s strong brand nor its nearly limitless access to capital to drive huge marketing budgets.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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