Samsung announces Q4 2015 earnings guidance; Y-o-Y profits grow

Jan 09, 2016 (Updated Jan 12, 2016) Cellpex, United States, Ohio - admin

Samsung Electronics has announced earnings guidance for the fourth quarter of the year 2015. The company forecasted an operating profit of 6.1 trillion Korean won (around $5.08 billion), which is up around 15% compared to the 5.3 trillion won figure the company reported in Q4 2014.

However, compared to Q3 2015, when the company reported a profit of 7.4 trillion won, the profit was down around 18%. The forecast also missed market expectations - analysts were expecting the company to report a profit of around 6.6 trillion won.

Overall sales revenues are forecasted to be around 53.0 trillion won (around $46.4 billion), slightly up from the 52.7 trillion won figure reported in the same quarter of the year 2014. Samsung is expected to release final figures towards the end of this...

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