UPDATE 1-Samsung Elec says Q2 profit likely jumped 23% on solid chip demand, one-off gains


2020/07/07 07:50  路透社
SEOUL, July 7 (Reuters) - Samsung Electronics Co Ltd  said on Tuesday second-quarter operating profit likely rose 23%, beating analysts' estimates as solid chip sales to data centres bulking up in a work-from-home economy during the coronavirus pandemic offset weak demand for smartphones and TVs.
   One-off gains from its display business also helped boost operating profit, the company said.
   The South Korean tech giant said operating profit was likely 8.1 trillion won ($6.80 billion) in the quarter ended June, far above the 6.4 trillion won analyst forecast by Refinitiv SmartEstimate.
   Revenue likely fell 7% to 52 trillion won from a year earlier, it said.
   Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic and pushing up DRAM memory chip prices. U.S. DRAM supplier Micron Technology Inc forecast strong quarterly revenue last month. 
   Analysts, however, warned that increases in memory chip prices may not continue in the second half of the year as data centre customers are likely to be conservative in stockpiling chips given the resurgence of COVID-19 cases in the United States and other countries
   While prices jumped 14% on average in the quarter, they were flat in June versus May, data from DRAMeXchange showed.
   Shares of Samsung Electronics have dropped 1.4% so far this year versus the wider KOSPI market's 0.4% fall.
   Samsung released only limited data in Tuesday's regulatory filing ahead of the release of its detailed earnings figures later this month.

(Reporting by Heekyong Yang and Hyunjoo Jin; Editing Richard
((Heekyong.Yang@thomsonreuters.com; +82 2 6936 1470;)
路透首尔7月7日电-三星电子(Samsung Electronics Co Ltd)周二表示,第二季度营业利润可能增长23%,超出分析师预期,因为在冠状病毒大流行期间,在在家工作的经济中,对数据中心的芯片销售强劲,抵消了智能手机和电视需求疲软的影响。
这家韩国科技巨头表示,截至6月的季度营业利润可能为8.1万亿韩元(合68亿美元),远高于Refinitiv SmartEstimate分析师预测的6.4万亿韩元。
在新冠肺炎流行的情况下,在家工作的订单和在线学习的增长支撑了芯片需求,并推高了内存芯片的价格。美国DRAM供应商美光科技(Micron Technology Inc)上月预测季度营收强劲。
今年到目前为止,三星电子(Samsung Electronics)的股价已经下跌了1.4%,而韩国综合股价指数(Kospi)下跌了0.4%。

(Heekyong.Yang@thomsonreurs.com;+82 2 6936 1470;)


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