Key Takeaways From Samsung Electronics' Earnings Results

Key Takeaways From Samsung Electronics' Earnings Results

On July 26, Samsung Electronics (NASDAQOTH: SSNLF) reported its full financial results for the quarter after preannouncing that the results would be solid..  

Samsung saw its sales surge year over year from 50.94 trillion Korean won (about $45.74 billion) in the year-ago quarter to 61 trillion won ($54.78 billion). Its gross profit margin expanded to 46.9% from 41.9% a year ago, and its total operating profit popped, hitting $12.63 billion, up from $7.3 billion last year.

Image source: Samsung.

Continue reading

Source: Fool.com