Samsung fourth-quarter benefit misses estimates, falls sharply from earlier quarter

Samsung Electronics on Friday reported better-than-expected fourth-quarter income and running benefit, despite the fact that its running benefit sharply dropped from closing quarter.

Listed below are Samsung’s fourth-quarter effects when compared with LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra constantly correct:

• Earnings: 75.8 trillion Korean gained vs. KRW 75.4 trillion
• Running benefit: KRW 6.5 trillion vs. KRW 6.8 trillion

Earnings used to be about 12% up from the similar duration from closing age, month running benefit grew about 130%, age on age.

On the other hand, running benefit fell just about 30% to six.5 trillion gained.

Fourth-quarter income beat Samsung’s personal steering of KRW 75 trillion, month running benefit got here in form with the corporate’s forecast.

Samsung is a important producer of reminiscence chips, which might be used in units corresponding to pc and servers, and could also be the sector’s second-largest participant within the smartphone marketplace.

“Although fourth quarter revenue and operating profit decreased on a quarter-on-quarter (QoQ) basis, annual revenue reached the second-highest on record, surpassed only in 2022,” Samsung stated in its statement.

For the total age, Samsung reported KRW 300.9 trillion in income and KRW 32.7 trillion in running benefit. In 2023, the corporate posted an annual income of KRW 258.94 trillion and an running benefit of KRW 6.57 trillion.

For the flow quarter, Samsung stated that profits may well be restricted because of disorder in its semiconductor trade however that it could pursue expansion via AI smartphones and alternative top class units. 

“For 2025 as a whole, the Company plans to enhance technological and product advantages in AI, continue to meet future demand for high-value-added products and drive sales growth in premium segments,” it added.

That is breaking information. Please test again for updates.