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Samsung profit guidance disappoints, memory outlook cloudy

Reuters  |  SEOUL 

By Joyce LeeSEOUL (Reuters) - Samsung Electronics Co Ltd said it would likely rake in a record fourth-quarter profit but the guidance fell short of consensus estimate, spooking investors already worried that a memory chip boom could be ending sooner rather than later.Shares of Samsung fell almost 4 percent as the world's biggest chipmaker became one of the first major semiconductor firms to indicate disappointing results could be on the radar at a time when NAND memory chip prices are easing.Samsung pegged its October-December operating profit at 15.1 trillion won ($14.1 billion), an all-time ...

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First Published: Tue, January 09 2018. 16:37 IST