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Samsung Electronics says weak chip demand sent fourth-quarter profit well below market estimates

Samsung Electronics says weak chip demand sent fourth-quarter profit well below market estimates

5 years ago
Anonymous $L9wC17otzH

https://www.reuters.com/article/us-samsung-elec-results/samsung-electronics-says-weak-chip-demand-sent-fourth-quarter-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.

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