Samsung Projects Record Q4 Operating Profit

Samsung Electronics Co (OTC: SSNLF) projects rise in operating profit for the fourth quarter.

Samsung projects Q4 operating profit of KRW8.6 trillion (US$8.1 billion) to KRW9.0 trillion, versus its quarterly profit of KRW8.1 trillion in the third quarter.

It expects sales of KRW55 trillion to KRW57 trillion, versus KRW47.3 trillion, in the year-ago period. However, analysts were expecting an operating profit of KRW8.8 trillion on sales of KRW56.7 trillion.

Samsung shares closed at $1,350.00 yesterday.