Samsung Electronics Co. is scheduled to report results for the second quarter ended June before the market opens on Thursday. Here’s what you need to know:
EARNINGS FORECAST: Net profit of 5.62 trillion Korean won ($4.8 billion) is expected, according to a Wall Street Journal poll of seven analysts. This would be approximately a 10% decline from the same period a year ago, the fifth straight quarterly year-over-year decline.
REVENUE FORECAST: Total revenue of about 48 trillion won is expected, down 8.3% from a year ago, according to the company’s official estimates released earlier this month.
