Published On: Thu, Jan 2nd, 2014

Samsung Elec Shares Drop More Than 2 Percent On Weak Earnings Outlook

Shares in Samsung Electronics Co Ltd dropped more than 2 percent in early trading Thursday, on continued lackluster forecasts of its Q4 earnings due to currency moves and shrinking margins in its display business.Samsung Elec

“We expect Samsung’s performance to be about 9.5 trillion Korean won, lower than the market consensus around 10.2 trillion Korean won. The biggest reason would be the won-dollar exchange rate, followed by shrinking margins in organic light-emitting diode (OLED) sales,” Lee Seung-woo, tech analyst at IBK Investment & Securities said.

Samsung Electronics is expected to report its latest earnings results next Tuesday.

(Reporting by Joyce Lee; Editing by Michael Perry)

Recent Posts

Giftster

Let The iPhone Be The Elf To Your Santa

October 18, 2017, Comments Off on Let The iPhone Be The Elf To Your Santa
Workplace Injuries

The Most Common Workplace Injuries And How To Avoid Them

October 18, 2017, Comments Off on The Most Common Workplace Injuries And How To Avoid Them
Business Blunders

Business Blunders And How To Keep Them At Bay

October 17, 2017, Comments Off on Business Blunders And How To Keep Them At Bay
realstate

Canadian Real Estate’s Big Chill

October 14, 2017, Comments Off on Canadian Real Estate’s Big Chill