You are here: Home » Reuters » News
Business Standard

Samsung Electronics tips record fourth quarter profit, misses expectations on strong won

Reuters  |  SEOUL 

By Joyce LeeSEOUL (Reuters) - Samsung Electronics Co Ltd on Tuesday estimated a 64 percent jump in fourth-quarter operating profit to a new record, but the guidance fell short of market expectations as the strong won and year-end bonuses dented profits. The global memory chip leader and Apple Inc smartphone rival said its October-December profit was likely 15.1 trillion won ($14.1 billion), compared with a 15.9 trillion won average estimate from 17 analysts surveyed in a Thomson Reuters poll. Based on the guidance, Samsung's 2017 operating profit is likely 53.6 trillion won, compared to ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, January 09 2018. 05:34 IST