Thu. Dec 5th, 2019

Samsung warns first-quarter earnings will fall in need of expectations

Samsung shares slid zero.77 % in morning commerce, falling behind the broader Kospi index.

In January, the South Korean tech large had additionally issued an analogous warning for the earlier quarter’s earnings — working revenue for the three months ended December was 10.eight trillion Korean gained (about $9.67 billion), down greater than 28 % on-year, and round 18 % lower than analysts’ predictions.

Analysts beforehand stated that information heart firms shopping for reminiscence chips from Samsung and different chipmakers have slowed down their orders in latest months, following a interval of aggressive progress.

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