Samsung warns first-quarter earnings will fall short of expectations

Samsung warns first-quarter earnings will fall short of expectations

5 years ago
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https://www.cnbc.com/2019/03/26/samsung-warns-on-first-quarter-earnings.html

Samsung Electronics said Tuesday it expects first quarter earnings to fall short of market expectations due to weak memory and display businesses, Reuters reported.

The world's largest smartphone maker said in a regulatory filing it predicts lower than expected earnings due to weak memory demand and wider declines in chip prices, according to the news agency. Samsung also expects profitability in the display business to worsen due to price competition, the news agency said.