Samsung Electronics estimates that 4Q operating income was down 37 percent

January 7, 2015 11:30 PM

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SEOUL, South Korea – Samsung Electronics Co. has estimated a 37 percent annual drop in its fourth-quarter operating income.

In its earnings preview Thursday, Samsung put its October-December operating profit at 5.2 trillion won ($4.7 billion). Analysts' consensus was 4.9 trillion won according to FactSet, a financial data provider.

Also read: LG Electronics says third-quarter profit down 3.7 percent vs. year earlier

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