Friday, January 8, 2016

Samsung Misses Q4 Expectations, But Increases Profits by 15%

The company logo is displayed at the Samsung news conference at the Consumer Electronics Show (CES) in Las Vegas

Samsung just released their earnings guidance before the official Q4 earnings report and they are expected to be under their target. The company had projected a quarterly operating profit of 6.6 trillion Korean won, but a report suggests they will actually be closer to 6.1 trillion Korean won. Still, this is a 15% increase in operating profits when compared to the fourth quarter of 2014.

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