SEOUL (Reuters) - Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. Operating profit was 10.8 trillion won ($9.7 billion) in the fourth quarter, in line with the 10.8 trillion won the company had estimated earlier this month. Revenue fell 10 percent to 59.3 trillion won, also in line with its earlier estimate.
from Latest News Business on Firstpost http://bit.ly/2RqSlJN
Thursday, 31 January 2019
Samsung Elec gives grim earnings outlook as quarter four profit falls 29 percent
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