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Samsung Electronics Co Ltd Issues Q4 2012 Guidance In Line With Analysts' Estimates-DJ


Tuesday, 8 Jan 2013 12:52am EST 

Dow Jones reported that Samsung Electronics Co Ltd capped its best year ever with another record quarterly profit, but its momentum slowed in the last three months of 2012. Samsung expects an operating profit of KRW8.6 trillion to KRW9.0 trillion, or $8.1 billion to $8.5 billion, for the fourth quarter of 2012, exceeding the record KRW8.06 trillion of operating profit it has achieved in the third quarter 2012. The Company expected sales of KRW55 trillion to KRW57 trillion, or $51.7 billion to $53.6 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of KRW56 billion and EBIT of KRW8.4 billion for the fourth quarter of 2012.