Fourth quarter expected to show lower earnings for Samsung

Fourth quarter expected to show lower earnings for Samsung
Samsung continues to have some troubles financially. Reporting its earnings guidance for the fourth quarter, the manufacturer said that it expects to report operating profit of $4.5 billion, a drop of 37% from last year's operating profit of $7.2 billion. Revenue is expected to come in at $47.3 billion versus last year's $54 billion, a decline of 12%.

On a sequential basis, Samsung expects to report a slight gain from the third quarter. Operating profit in that period amounted to $3.7 billion with sales hitting $43.2 billion.

Samsung will announce its final fourth quarter numbers before this month is out. The company has been affected by declining smartphone profits, which has resulted in a forecast decline of 33% in the number of smartphone models that Samsung will offer this year

source: Samsung via AndroidCentral


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