financetom
Technology
financetom
/
Technology
/
Samsung fourth-quarter operating profit outlook misses estimates by large margin
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Samsung fourth-quarter operating profit outlook misses estimates by large margin
Jan 7, 2025 4:00 PM

SEOUL, Jan 8 (Reuters) - Samsung Electronics ( SSNLF )

estimated on Wednesday a 131% jump in fourth-quarter operating

profit from a year earlier but missed analyst estimates by a

large margin as it lagged behind rival SK Hynix ( HXSCF ) in

supplying high-end chips to Nvidia ( NVDA ).

The world's largest memory chip, smartphone and TV maker

estimated an operating profit of 6.5 trillion won ($4.47

billion) for the three months ended Dec. 31, versus a 7.7

trillion won LSEG SmartEstimate.

($1 = 1,454.6000 won)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US to force China-linked firm to sell land near US missile silos
US to force China-linked firm to sell land near US missile silos
May 13, 2024
WASHINGTON (Reuters) - The White House on Monday gave a Chinese-linked company and its partners 120 days to sell property they had bought near a U.S. Air Force base in Wyoming that is home to part of the U.S. nuclear arsenal, citing fears of spying. The move comes as the United States has become increasingly concerned about the national security...
Brent oil price achieves some gains – Forecast today - 14-05-2024
Brent oil price achieves some gains – Forecast today - 14-05-2024
May 13, 2024
Brent Oil Price Analysis Expected Scenario Brent oil price provided positive trades yesterday to test 84.00$ barrier, noticing that stochastic lost its positive momentum and begins to overlap negatively now, waiting to motivate the price to resume the main bearish trend, which its targets begin at 82.40$ and extend to 80.08$ after breaking the previous level. The EMA50 keeps supporting...
Corn price activates the positive scenario – Forecast today - 14-05-2024
Corn price activates the positive scenario – Forecast today - 14-05-2024
May 13, 2024
Corn Price Analysis Expected Scenario Corn price rallied upwards yesterday to breach 474.70$ level and settles above it, to activate the positive scenario and head towards achieving more gains on the intraday and short-term basis, noting that the next target is located at 490.40$. Therefore, we are waiting for more expected rise in the upcoming sessions, taking into consideration that...
Sugar price surpasses the first target – Forecast today - 14-05-2024
Sugar price surpasses the first target – Forecast today - 14-05-2024
May 13, 2024
Sugar Price Analysis Expected Scenario Sugar price traded with clear negativity yesterday, to surpass our first waited target at 19.00$ and confirm opening the way to achieve more negative targets, noting that our next station is located at 18.00$. Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved