Samsung Electronics fourth-quarter profit down 36 percent on year, in line with guidance

Wed Jan 28, 2015 6:53pm EST
 
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SEOUL (Reuters) - South Korea's Samsung Electronics Co Ltd (005930.KS: Quote) said on Thursday that October-December profit fell 36 percent from a year earlier, confirming the firm's first annual earnings decline in three years.

The world's top smartphone maker reported a fourth-quarter profit of 5.3 trillion won ($4.88 billion), compared with a 5.2 trillion won profit it guided for earlier this month.

Profit for the mobile division, the driver of Samsung's record 2013 earnings, fell to 1.96 trillion won from 5.47 trillion won a year earlier.

(Reporting by Se Young Lee; Editing by Stephen Coates)

 
A man walks at the Samsung Electronics' headquarters in Seoul January 7, 2015. REUTERS/Kim Hong-Ji