Samsung Electronics says fourth-quarter operating profit likely up 64 percent


Tech giant Samsung Electronics Co Ltd said on Tuesday its fourth-quarter operating profit likely rose 64 percent from a year earlier, falling short of market expectations.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo

SEOUL: Tech giant Samsung Electronics Co Ltd said on Tuesday its fourth-quarter operating profit likely rose 64 percent from a year earlier, falling short of market expectations.

Samsung said its October-December profit was likely 15.1 trillion won (US$14.14 billion), compared with an average forecast of 15.9 trillion won from a Thomson Reuters survey of 17 analysts.

Revenue was estimated to have increased 24 percent to 66 trillion won, Samsung said in a regulatory filing.

The South Korean company did not elaborate on its performance and will disclose detailed earnings in late January.

(Reporting by Joyce Lee; Editing by Stephen Coates)



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