Samsung fourth-quarter operating profit outlook misses estimates by large margin-May 2024-www.financetom.com

Samsung fourth-quarter operating profit outlook misses estimates by large margin

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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)

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