Samsung Electronics says fourth quarter operating profit likely up 64 percent

SEOUL (Reuters) - Tech giant Samsung 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.
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 January.
(Reporting by Joyce Lee; Editing by Stephen Coates)
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jan 09 2018 | 5:09 AM IST
