The fourth quarter of 2019 was not a good period for Samsung, ; the company announced on Tuesday that it expects to report a 34% drop in operating profit year-over-year. That works out to an operating profit of 7.1 trillion Korean won for the three months from October through December, equivalent to $6.1 billion USD. During the 2018 fourth quarter, Samsung reported operating profits of 10.8 trillion won ($9.2 billion USD). The forecast still managed to top expectations of analysts surveyed by S&P Global Market Intelligence. Their consensus estimate came to 6.5 trillion won. Full results ...
Wednesday, 8 January 2020
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