Samsung Electro-Mechanics Likely to Post 3Q Earnings Beat
Dow Jones
Sep 18
0255 GMT - Samsung Electro-Mechanics is expected to post a 3Q earnings beat on accelerating price increases for multilayer ceramic capacitors and flip-chip ball-grid-array substrates, iM Securities analyst Ko Eui-yeong says. The analyst estimates the South Korean electronics-component maker to report operating profit of 650 billion won in the July-September period, up 150% from a year earlier and about 9% above the market consensus estimate. Profit could have neared 700 billion won in 3Q if the won hadn't appreciated against the dollar from 2Q, Ko says. Strong demand and tight supply for MLCCs, especially for U.S. artificial-intelligence data-center servers, and FC-BGA substrates are driving selling prices higher at a faster-than-expected pace, he adds.
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