Samsung projects record $14.1B profit in fourth quarter

Samsung projects record $14.1B profit in fourth quarter

6 years ago
Anonymous $1bh8zaeyQS

https://www.cnet.com/news/samsung-projects-record-14-1b-profit-in-fourth-quarter/

The Korean electronics giant said Monday it expects to record an operating profit of 15.1 trillion won ($14.1 billion) for the three-month period ended Dec. 31, a 63 percent year-over-year increase. The projection falls short of analyst expectations of an average forecast of 15.9 trillion won from a Thomson Reuters.

The projection also marks Samsung's third record quarterly operating profit in a row. The company reported a record profit of 14.53 trillion won in the third quarter of 2017, edging the record of 14.07 trillion won it set the previous quarter.