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Samsung Electronics says fourth quarter operating profit likely up 64 percent

Reuters  |  SEOUL 

(Reuters) - Tech giant Electronics Co Ltd <005930.

KS> said on Tuesday its fourth-quarter operating profit likely rose 64 percent from a year earlier, falling short of market expectations.

said its October-December profit was likely 15.1 trillion won ($14.14 billion), compared with an average forecast of 15.9 trillion won from a survey of 17 analysts.

Revenue was estimated to have increased 24 percent to 66 trillion won, said in a regulatory filing.

The South Korean company did not elaborate on its performance and will disclose detailed earnings in late January.

(Reporting by Joyce Lee; Editing by Stephen Coates)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 05:09 IST
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