January 8, 2025

Samsung reports preliminary Q4 operating profit of ~$4.5B, vs. est. of ~$6.2B, and revenue of ~$51.7B, below est., due to hefty R&D and capacity expansion costs (Bloomberg)

Bloomberg:

Samsung reported preliminary fourth-quarter operating profit of ~$4.5 billion versus forecast of ~$6.2 billion and revenue of ~$51.7 billion, below forecast, due to huge R&D costs and capacity expansion.— — Korean company ramps up efforts to catch up with high-performance memory — Samsung loses ground to SK Hynix in lucrative AI arena

2025-01-08 00:45:00