Samsung issues Q4 2014 earnings guidance, expects 37% decrease in profit year-over-year
Samsung tonight has issued its earnings guidance for the fourth quarter of 2014. The company says that it expects to, yet again, report a decline in operating profit and sales. Samsung estimates that its operating profit for Q4 2014 as 5.2 trillion won, or $4.5 billion. That’s a decrease of roughly 37 percent when compared to the $8.3 billion reported in Q4 2013. The number does, however, beat analyst expectations of 4.8 trillion won.