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Samsung Electronics says Q4 profit likely US$5.1b, misses expectations

Friday, January 8, 2016 - 08:05
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Tech giant Samsung Electronics Co Ltd on Friday said its fourth-quarter operating profit was likely 6.1 trillion won (S$7.3 billion), up 15 per cent from a year earlier but falling short of expectations.

[SEOUL] Tech giant Samsung Electronics Co Ltd on Friday said its fourth-quarter operating profit was likely 6.1 trillion won (S$7.3 billion), up 15 per cent from a year earlier but falling short of expectations.

The October-December profit guided by Samsung in a regulatory filing compared with a 6.6 trillion won Thomson Reuters SmartEstimate derived from a survey of 30 analysts. The firm said revenue likely rose 0.5 per cent to 53 trillion won.

Samsung, a global leader in smartphones and memory chips, did not elaborate and will disclose detailed earnings around end-January.

REUTERS