Samsung shares fall as it forecasts 35% profit drop in Q4 - Breaking The News

Samsung shares fall as it forecasts 35% profit drop in Q4

9 January

1 min read

EPA-EFE/JEON HEON-KYUN

Samsung Electronics Co. Ltd. shares fell more than 2% after the company forecast that fourth-quarter operating profit will fall about 35%.

According to the firm, operating profit in the October-December quarter is likely to be 2.8 trillion South Korean won ($2.13 billion). On the other hand, revenue could fall 4.9% to 67 trillion won.

Samsung shares fell 2.22% at 7:19 am CET on the Korea Exchange.

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