Samsung Elec says weak chip demand pushed Q4 profit well below market estimates

Samsung Elec says weak chip demand pushed Q4 profit well below market estimates

5 years ago
Anonymous $L9wC17otzH

https://www.reuters.com/article/us-samsung-elec-results/samsung-elec-says-weak-chip-demand-pushed-q4-profit-well-below-market-estimates-idUSKCN1P12C7

Samsung Electronics surprised the market on Tuesday with an estimated 29 percent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to "ease confusion" among investors already fretting about a global tech slowdown.