Samsung forecasts record fourth-quarter profit, but still misses experts’ expectations

Samsung forecasts record fourth-quarter revenue, but still misses experts’ expectations

Samsung Electronics needs to publish another record revenue for last one-fourth of 2017, but it benefits may still fall slightly short of analysts’ objectives. In earnings guidance granted these days, Samsung stated it estimates operating profit of about 15.1 trillion won (or $14.13 billion) on product sales of about 66 trillion won.

This represents an increase of 64% from the same quarter a year ago, whenever Samsung published operating revenue of 9.22 trillion won on income of 53.33 trillion won, nonetheless it nevertheless misses the average estimate of 15.9 trillion won from 17 experts surveyed by Thomson Reuters.

Samsung enjoyed a stronger third-quarter, when it posted a 14.53 trillion won profit many thanks in large component to sales of potato chips, OLED screens as well as other components to tech makers, including Apple.

For several of 2017, Samsung claims it expects revenue around 53.6 trillion won on product sales around 239.6 trillion won.

Featured Image: Bloomberg/Getty Images

Posted at Tue, 09 Jan 2018 04:31:27 +0000