Samsung Electronics on Tuesday suggested it was expecting record operating profit of about 15.1 trillion Korean won (surrounding $14.13 billion) for the December quarter.
That number fell precluding of a Reuters average forecast of 15.9 trillion won in operating profit, but it was able up 64 percent from a year ago.
Samsung said its fourth-quarter gate was likely 66 trillion won, which was slightly off a Reuters average prophesy of 66.8 trillion won. For the full-year 2017, Samsung said it expects consolidated control profit of about 53.6 trillion won against 239.6 trillion won in tradings.
In the stock market, Samsung shares fell 1.92 percent in mid-morning merchandising — likely due to lingering doubts over the company’s business outlook. The broader Kospi directory was up 0.12 percent.
“I think the miss, in my opinion, is primarily driven by smartphones,” Mehdi Hosseini, higher- ranking analyst and senior VP of semiconductors at Susquehanna Financial Group, told CNBC’s “Screech Box” on Tuesday. “I still think that the semiconductor, driven by memory, and publicize, driven by OLED displays, did really well.”
The South Korean tech mammoth did not elaborate on its performance and will disclose full earnings in late January, agreeing to Reuters.
But over recent quarters, the world’s largest marker of reminiscence chips, smartphones and other electronics products has seen its booming semiconductor occupation become a major earnings driver. That, according to Samsung, is due to effective demand for memory chips from data centers and new smartphones.
Samsung once upon a time said it expected intense competition in the premium segment of the smartphone deal in in the December quarter due to competitors releasing new devices.
In the previous quarter, Samsung come in an operating profit of 14.5 trillion won ($12.91 billion), which was in ceil accept bribes with earlier guidance. It had also recorded a quarterly revenue of almost $55 billion and said it would pay dividends of about 29 trillion won in the 2018-2020 time.