FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo
January 8, 2018
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd <005930.KS> said on Tuesday its fourth-quarter operating profit likely rose 64 percent from a year earlier, falling short of market expectations.
Samsung said its October-December profit was likely 15.1 trillion won ($14.14 billion), compared with an average forecast of 15.9 trillion won from a Thomson Reuters survey of 17 analysts.
Revenue was estimated to have increased 24 percent to 66 trillion won, Samsung said in a regulatory filing.
The South Korean company did not elaborate on its performance and will disclose detailed earnings in late January.
(Reporting by Joyce Lee; Editing by Stephen Coates)
