Clients store at a Samsung cell retailer inside a shopping center in New Delhi.
Reuters | Anindito Mukherjee
Samsung Electronics on Friday reported better-than-expected fourth-quarter income and working revenue, although its working revenue sharply dropped from final quarter.
Listed here are Samsung’s fourth-quarter outcomes in contrast with LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra constantly correct:
- Income: 75.8 trillion Korean received vs. 75.4 trillion KRW
- Working revenue: 6.5 trillion KRW vs. 6.8 trillion KRW
Income was about 12% up from the identical interval from final yr, whereas working revenue grew about 130%, yr on yr.
Nevertheless, working revenue fell practically 30% to six.5 trillion received.
Fourth-quarter income beat Samsung’s personal steerage of 75 trillion KRW, whereas working revenue got here in keeping with the corporate’s forecast.
Samsung is a number one producer of reminiscence chips, that are utilized in gadgets akin to laptops and servers, and can also be the world’s second-largest participant within the smartphone market.
“Though fourth quarter income and working revenue decreased on a quarter-on-quarter (QoQ) foundation, annual income reached the second-highest on report, surpassed solely in 2022,” Samsung mentioned in a press launch.
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