Samsung Electronics Co Ltd said on Thursday it expects earnings to b...
The South Korean conglomerate reported operating profit of 7.16 trillion won , down 34% and in line with its own previous estimate. Net profit fell 38% to 5.2 trillion won, with revenue easing 1% to 59.9 trillion won - also meeting estimates.
“Looking ahead to 2020, Samsung expects improvements in overall business performance but also sees continued uncertainties in the global business environment,” Samsung said in a statement. It didn’t identify particular issues that could affect its operations. The United States and China reached an initial deal late last year to resolve a long-running trade row that had disrupted global business, though some issues remain unresolved. Samsung rival Apple Inc earlier this week used a wider-than-normal prediction range for a revenue forecast citing uncertainty created by the coronavirus outbreak in China which economists fear could hurt the global economy.Fourth-quarter operating profit more than halved to 3.
Samsung said the pace of 5G smartphone expansion and its effects should be monitored closely, but the company sees demand picking up around mass-market models as major manufacturers expand their 5G lineups. Shares fell 1.4% by 0125 GMT, trailing the wider market’s 0.6% drop. Samsung shares rallied 44% last year, as expectations of an easing of U.S.-China trade tensions fueled hope of a rebound in the chip industry.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Samsung’s Galaxy S20 Will Kick Off A New Price WarSamsung's new Galaxy S20 promotion deepens the 2020 price war.
Leer más »
Tesla Posts Fourth-Quarter Profit on Record DeliveriesTesla posted a fourth-quarter profit after the Model 3 compact car helped fuel record deliveries for the electric-car maker. Shares rose 6% after hours.
Leer más »
AT&T revenue falls short of estimates as satellite TV sheds subscribersAT&T Inc missed fourth-quarter revenue estimates on Wednesday as another fall in...
Leer más »
GE shares rise 5% after earnings top expectationsGeneral Electric reported fourth-quarter earnings before market open on Wednesday.
Leer más »
Cloud, Windows sales power Microsoft earnings above Wall Street estimatesMicrosoft Corp on Wednesday reported fiscal second-quarter revenue and profit th...
Leer más »
Little Dragon Announce 'New Me, Same Us,' Share Lead Single 'Hold On'Little Dragon announced their latest album, 'New Me, Same Us,' on Tuesday, sharing the LP's lead single 'Hold On'
Leer más »