, Columnist
Samsung's Symptom-Less Earnings Don't Make It Immune
Don’t be fooled into thinking the South Korean electronics giant is in the clear.
The coronavirus impact is bound to be felt.
Photographer: SeongJoon Cho/Bloomberg
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Earnings released early Tuesday by Samsung Electronics Co. show that the technology giant dodged any major impact from the Covid-19 pandemic. Expect that to change.
Revenue growth was the strongest in six quarters, though 5% is hardly stellar. And while it was in line with estimates, analysts had been trimming expectations over the past few months. That also applies to the better-than-forecast operating profit, with analysts having lowered the bar in recent weeks.