Samsung Electronics Q4 Guidance Misses Street Estimates

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Samsung Electronics Q4 Guidance Misses Street Estimates

by Wochit 0:37 mins

Samsung Electronics Q4 Guidance Misses Street Estimates

by Wochit 0:37 mins

Samsung Electronics Co Ltd estimated its October-December operating profit fell 18 percent to 8.3 trillion won ($7.8 billion) from the prior quarter's record earnings due to a one-off special bonus and heightened competition with Apple Inc. The guidance, released on Tuesday ahead of full quarterly results scheduled for January 24, was lower than a 9.75 trillion won. The South Korean company estimated fourth-quarter sales of 59.0 trillion won, versus a market estimate of 61 trillion won.

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