Japanese
KoreanSamsung Earnings Slumped in Q3 But LG Managed Y/Y Gain
Published October 10, 2022
Samsung Electronics’ revenues for Q3’22 edged down on a sequential basis, but its operating profits dropped sharply, according to its earnings guidance released last week. Meanwhile, LG Electronics reported strong Y/Y gains in both revenues and operating profits in local currency for the quarter. For both companies, revenues fell on a Y/Y basis when translated into US dollars since the Korean won depreciated 6% compared to Q2’22 and 16% compared to Q3’21.
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