Wednesday, January 30, 2019

Samsung Q4 Profit Drops On Weak Chip And Phone Sales; Sees Weaker 2019 Earnings

Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) reported a profit for the fourth-quarter that decreased about 30.7 percent from last year, reflecting a drop in demand for memory chips used in data centers and smartphone. The company expects overall annual earnings to decline due to weaker performance by the Memory Business. It will unveil the Galaxy S10 next month.

from RTT - Earnings http://bit.ly/2CVNuLz
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