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Samsung Unveils Guidance for its Q1

By Eric Volkman - Apr 5, 2013 at 8:39PM

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The cell phone giant expects notable gains when it reports its inaugural quarter of 2013.

Samsung (NASDAQOTH: SSNLF) believes its Q1 sales and operating profit will be substantially higher on a year-over-year basis when it reports that quarter's financials. It provided guidance for the quarter of a median 52 trillion won ($46 billion) in consolidated sales, and around 8.7 trillion won ($7.7 billion) in operating profit.

Disclosure regulations in Samsung's home market of South Korea prohibit companies from providing their guidance as a range, hence the provision of median figures.

The Q1 expectations compare very favorably to the firm's Q1 2012 results. For that quarter, sales came in at 45 trillion won ($40 billion), and operating profit was 5.7 trillion won ($5.1 billion).

Samsung did not specify when that full set of quarterly figures would be released, saying only that they "will be disclosed following the Board of Directors' approval of the financial statements and quarterly reports."

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