Samsung Electronics, the world's largest maker of memory chips, televisions and liquid-crystal- displays, announced Friday weaker than expected fourth-quarter earnings estimates, resulted mainly from plunging prices of its mainstay memory chip and flat panel divisions due to sluggish demand.
Samsung estimated its operating profit for last year's October- December period at 3 trillion won (2.7 billion U.S. dollars), down 12.8 percent from a year earlier. That's below market expectation for an operating profit of between 3.1 trillion won and 3.6 trillion won, according to local reports.
Sales were estimated at 41 trillion won, up 4.5 percent from a year before.
Samsung, meanwhile, estimated its consolidated revenue during 2010 reached a record high 154 trillion won, up 12.8 percent from the previous year's record performance. It also said operating profit likely rose a little more than 17 trillion won.
Source:Xinhua
Samsung estimated its operating profit for last year's October- December period at 3 trillion won (2.7 billion U.S. dollars), down 12.8 percent from a year earlier. That's below market expectation for an operating profit of between 3.1 trillion won and 3.6 trillion won, according to local reports.
Sales were estimated at 41 trillion won, up 4.5 percent from a year before.
Samsung, meanwhile, estimated its consolidated revenue during 2010 reached a record high 154 trillion won, up 12.8 percent from the previous year's record performance. It also said operating profit likely rose a little more than 17 trillion won.
Source:Xinhua
