SEOUL—Samsung Electronics Co. expects a 34% drop in its fourth-quarter operating profit for 2019, affected by a continued global slump in semiconductor sales that have recently clouded the company’s earnings performance.
The world’s largest smartphone and memory-chip maker said it anticipates an operating profit of 7.1 trillion South Korean won ($6.1 billion) for the last three months of 2019, down from 10.8 trillion won a year earlier. The company expects revenue to remain roughly flat from a year ago at 59 trillion won.
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January 08, 2020 at 07:53AM
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