Samsung says quarterly profit likely fell 34%

Samsung says quarterly profit likely fell 34%

Samsung on Wednesday said quarterly operating profit likely fell at a milder pace than analysts forecast. The company said it expected to report a 34% drop in operating profit at 7.1 trillion won ($6.04 billion) for its fourth quarter ended Dec. 31. Its revenue declined 0.5% to 59 trillion won.

Simone
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