Samsung Elec says fourth quarter profit likely $5.1 billion, misses expectations

Thu Jan 7, 2016 6:44pm EST
 
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SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd on Friday said its fourth-quarter operating profit was likely 6.1 trillion won ($5.10 billion), up 15 percent from a year earlier but falling short of expectations.

The October-December profit guided by Samsung in a regulatory filing compared with a 6.6 trillion won Thomson Reuters SmartEstimate derived from a survey of 30 analysts. The firm said revenue likely rose 0.5 percent to 53 trillion won.

Samsung, a global leader in smartphones and memory chips, did not elaborate and will disclose detailed earnings around end-January.

($1 = 1,196.5400 won)

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

 
A Samsung logo is seen at Samsung Electronics' headquarters in Seoul, South Korea, December 18, 2015. Picture taken on December 18, 2015.   REUTERS/Kim Hong-Ji