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Samsung forecasts record fourth-quarter profit, though still misses analysts’ expectations


Samsung Electronics expects to post another record distinction for a final entertain of 2017, though it formula might still tumble a bit brief of analysts’ expectations. In earnings superintendence released today, Samsung pronounced it estimates handling distinction of about 15.1 trillion won (or $14.13 billion) on sales of about 66 trillion won.

This represents an boost of 64% from the same entertain a year ago, when Samsung posted handling distinction of 9.22 trillion won on income of 53.33 trillion won, though it still misses the normal guess of 15.9 trillion won from 17 analysts surveyed by Thomson Reuters.

Samsung enjoyed a clever third-quarter, when it posted a 14.53 trillion won distinction interjection in vast partial to sales of chips, OLED screens and other components to tech manufacturers, including Apple.

For all of 2017, Samsung says it expects distinction of about 53.6 trillion won on sales of about 239.6 trillion won.

Featured Image: Bloomberg/Getty Images

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