Bharat Electronics Q2 PAT seen up 1.3% YoY to Rs. 578.5 cr: ICICI Direct

    ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Capital Goods & Power sector. The brokerage house expects Bharat Electronics to report net profit at Rs. 578.5 crore up 1.3% year-on-year (up 182.6% quarter-on-quarter). Net Sales are expected to increase by 5.7 percent Y-o-Y (up 70.1 percent Q-o-Q) to Rs. 3,573.9 crore, according to […]

    LG Electronics Q2 operating earnings down 15.4%

    Seoul, LG Electronics Inc. said on Friday that its second-quarter (Q2) operating profits are expected to have dropped 15.4 per cent from a year earlier, mainly due to its sluggish smartphone business. In an earnings guidance, the South Korean electronics maker said it expects to post 652.2 billion won ($557 million) in operating profits in […]

    Samsung Electronics’ Q2 profit likely halved as Huawei woes worsen chip glut

    SEOUL: Samsung Electronics is likely to say second-quarter profit more than halved when it reports preliminary earnings on Friday, data showed, as a drop in memory chip shipments to China’s embattled Huaweiexacerbated a price-squeezing supply glut. The quarterly result would be the South Korean firm’s lowest in nearly three years, with the prospect of an earnings recovery still […]

    Samsung Electronics expects record-high Q2 profits

    SEOUL, JULY 7:   Samsung Electronics expects profits to soar 72 per cent in the second quarter to a record high, it said today, as it moves on from a recall debacle thanks to rising memory chip prices and increased demand for smartphones. The South Korean tech giant estimated its operating profit for April—June at 14 […]

    PC Shipments in India Declined 2.2 Percent in Q2 2016: IDC

    HIGHLIGHTS The Indian PC market is expected to recuperate in due course of time HP led the market with 28.4 percent share Dell stood second with 22.2 percent, followed by Lenovo and Acer PC shipments in India declined 2.2 percent to 2.14 million units in the April-June quarter this year, research firm IDC said today. […]

    LG Electronics Says Q2 Operating Profit Likely At Two-Year High

    LG Electronics Inc said in a regulatory filing that April-June profit was likely $504 million. Seoul: South Korea’s LG Electronics Inc said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses. The world’s second-biggest TV maker by market share, […]