S.Korea's Samsung sees 3.3 billion dollar profit in Q4

Jan 07, 2010

South Korea's Samsung Electronics, the world's largest memory chip and flat-screen TV maker, on Thursday estimated it would post a 3.3 billion dollar profit for the three months to December.

The predicted consolidated operating profit would be 3.7 trillion won (3.3 billion dollars) on sales of 39 trillion won during the September-December period.

The "earnings guidance" estimates came ahead of an official quarterly earnings report due later this month, the company said.

Samsung said it expects an operating profit of 10.92 trillion won on a record revenue of 136.05 trillion won for the full year 2009.

The firm's projected profit compared with an operating loss of 740 billion won a year earlier and 4.23 trillion won the previous quarter.

Despite the upbeat earnings guidance, shares fell 3.33 percent to 813,000 won as investors took profits from recent gains.

"The market is taking a breather, while some investors are turning cautious about any possible adverse effects of the Korean won's rapid appreciation against the US dollar to exporters, in particular car makers," Lee Jin-Woo of Mirae Asset Securities told Dow Jones Newswires.

Greg Roh at HMC Investment Securities said he expects Samsung to post an of four trillion won in the first quarter and 16 trillion for the whole of 2010 on solid demand for , handsets and flat-screen televisions.

Explore further: IBM posts lower 1Q earnings amid hardware slump

add to favorites email to friend print save as pdf

Related Stories

Samsung announces earnings estimate

Jul 06, 2009

(AP) -- Samsung Electronics Co., the world's biggest manufacturer of memory chips, announced quarterly earnings estimates for the first time Monday, saying it hopes to reduce market confusion and speculation ...

Samsung expects strong 3rd-quarter profit

Oct 06, 2009

(AP) -- Samsung Electronics Co. said Tuesday that profit likely surged in the third quarter on higher sales, amid a brightening outlook for the world's largest manufacturer of computer memory chips and flat ...

LG Electronics posts record Q2 earnings

Jul 22, 2009

South Korea's LG Electronics Wednesday reported a record quarterly net profit, boosted by brisk sales of flat panel televisions and mobile phones.

SKorea's Hynix finally swings to profit

Oct 23, 2009

South Korea's Hynix Semiconductor, the world's second largest memory chip maker, Friday announced a profit for the third quarter after seven straight quarters of losses.

Samsung Electronics reports 72% profit slump

Apr 24, 2009

South Korea's Samsung Electronics, the world's top computer memory chipmaker, has announced its first-quarter net profit fell 72 percent year-on-year as poor demand depressed prices.

Recommended for you

IBM posts lower 1Q earnings amid hardware slump

7 hours ago

IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.

New US-Spanish firm says targets rich mobile ad market

14 hours ago

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

Technip, Heerema win third giant Angolan oil contract

17 hours ago

The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

User comments : 0

More news stories

Simplicity is key to co-operative robots

A way of making hundreds—or even thousands—of tiny robots cluster to carry out tasks without using any memory or processing power has been developed by engineers at the University of Sheffield, UK.

Microsoft CEO is driving data-culture mindset

(Phys.org) —Microsoft's future strategy: is all about leveraging data, from different sources, coming together using one cohesive Microsoft architecture. Microsoft CEO Satya Nadella on Tuesday, both in ...

Floating nuclear plants could ride out tsunamis

When an earthquake and tsunami struck the Fukushima Daiichi nuclear plant complex in 2011, neither the quake nor the inundation caused the ensuing contamination. Rather, it was the aftereffects—specifically, ...

Patent talk: Google sharpens contact lens vision

(Phys.org) —A report from Patent Bolt brings us one step closer to what Google may have in mind in developing smart contact lenses. According to the discussion Google is interested in the concept of contact ...