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Samsung Electronics says fourth quarter operating profit likely up 64 percent

Reuters  |  SEOUL 

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Tuesday its fourth-quarter operating profit likely rose 64 percent from a year earlier, falling short of market expectations. Samsung 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 Thomson Reuters survey of 17 analysts. Revenue was estimated to have increased 24 percent to 66 trillion won, Samsung said in a regulatory filing. The South Korean company did not elaborate on its performance and will disclose detailed earnings in late ...

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