Samsung fourth-quarter profit misses estimates, falls sharply from previous quarter

Samsung Electronics connected Friday reported better-than-expected fourth-quarter gross and operating profit, though its operating nett sharply dropped from past quarter.

Here are Samsung's fourth-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are much consistently accurate:

• Revenue: 75.8 trillion Korean won vs. 75.4 trillion KRW
• Operating profit: 6.5 trillion KRW vs. 6.8 trillion KRW

Revenue was astir 12% up from the aforesaid play from past year, portion operating nett grew astir 130%, twelvemonth connected year.

However, operating nett fell astir 30% to 6.5 trillion won.

Fourth-quarter gross beat Samsung's ain guidance of 75 trillion KRW, portion operating nett came successful enactment with the company's forecast.

Samsung is simply a starring shaper of representation chips, which are utilized successful devices specified arsenic laptops and servers, and is besides the world's second-largest subordinate successful the smartphone market.

"Although 4th fourth gross and operating nett decreased connected a quarter-on-quarter (QoQ) basis, yearly gross reached the second-highest connected record, surpassed lone successful 2022," Samsung said successful its statement.

For the afloat year, Samsung reported 300.9 trillion KRW successful gross and 32.7 trillion KRW successful operating profit. In 2023, the institution posted an yearly gross of KRW 258.94 trillion and an operating nett of KRW 6.57 trillion.

For the existent quarter, Samsung said that net mightiness beryllium constricted owed to weakness successful its semiconductor concern but that it would prosecute maturation done AI smartphones and different premium devices. 

"For 2025 arsenic a whole, the Company plans to heighten technological and merchandise advantages successful AI, proceed to conscionable aboriginal request for high-value-added products and thrust income maturation successful premium segments," it added.

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