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Samsung Electronics Fourth-Quarter Profit Meets Guidance; Outlook Cautious

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A man walks at the Samsung Electronics' headquarters in SeoulSEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday reported its first annual earnings decline in three years, as strong chip earnings failed to make up for weakness in the South Korean giant's smartphone business. The semiconductor division was a bright spot as Samsung posted fourth-quarter operating profit of 5.3 trillion won ($4.88 billion), in line with the 5.2 trillion won profit the firm guided for earlier this month. The result put the firm's 2014 profit at 25 trillion won, down from a record 36. ...




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