Uh oh: Samsung issues first-ever preemptive warning for its scary Q1 earnings - Android Authority
Uh oh: Samsung issues first-ever preemptive warning for its scary Q1 earnings Android AuthoritySamsung is warning investors that its upcoming Q1 2019 earnings report is going to be not-so-good. This is the first time the industry giant has ever warned ...
- Samsung just posted its quarterly earnings guidance report ahead of its full report due sometime soon.
- The guidance report was preceded by a “warning” of sorts, an unprecedented move from Samsung.
- The guidance report shows the company in dire straits, hence the necessity of a preemptive warning.
, the world’s largest smartphone manufacturer, is expected soon to release its full earnings report for the first quarter of 2019. In an unprecedented move for the company, Samsung posted a preemptive “warning” to investors before the release of its earnings guidance report (via , which Samsung .
The warning ahead of the earnings guidance report was a sobering move for the company, as the report does indeed show that the company is going to miss revenue expectations and post a significant year-over-year drop in profit.
Usually, Samsung will release an earnings guidance report ahead of its full report so investors can get a head start on any necessary decision-making. This time around, Samsung posted a warning first, something we’ve never seen before from the company. Now that we have the earnings guidance report (which you can see ), we know why Samsung made this move.