Samsung Second-quarter Operating Profit Soars 1,458% as AI Demand Remains Strong; Results Top Estimates

Posted on the 31 July 2024 by Phil's Stock World @philstockworld

By Sheila Chiang, CNBC

Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand for its advanced memory chips that are crucial for artificial intelligence training remained strong.

Here are Samsung's second-quarter results versus analysts' average estimates according to LSEG.

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