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Samsung Electronics profit guidance misses expectations as won weighs

Reuters  |  SEOUL 

By Joyce LeeSEOUL (Reuters) - Samsung Electronics Co Ltd on Tuesday estimated a record fourth-quarter profit but the guidance fell short of market expectations as a strong won and one-off staff bonuses took the shine off surging DRAM chip prices. The global memory chip leader said its October-December operating profit likely jumped 64 percent year-on-year to 15.1 trillion won ($14.1 billion), shy of a 15.9 trillion won average estimate from 17 analysts surveyed by Thomson Reuters. Revenue was estimated at 66 trillion won, slightly below expectations. While the guidance put the South Korean ...

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First Published: Tue, January 09 2018. 08:27 IST