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Samsung posts grim Q4 2013 earnings estimate


Samsung has simply printed the preliminary revenue steerage, which must permit traders and journalists an early seem to be into the monetary efficiency of the corporate throughout the closing calendar quarter of 2013.

The This autumn working revenue used to be supposedly round eight.three trillion gained ($7.seventy nine billion). This represents a 6p.cYoY lower and 18% QoQ lower – total, some distance from a stellar outcome.

The full sale earnings used to be round fifty nine trillion received versus the sixty one trillion business analysts anticipated (even after their up to date expectation downgrading).

“Even making an allowance for one-off prices, the (fourth-quarter) revenue is decrease than anticipated. Samsung has no longer supplied small print, however smartphone revenue can have fared worse than anticipated, given elevated advertising and marketing bills,” stated IBK Funding & Securities analyst Lee Seung-woo.

Analysts imagine that the underside line was once doubtless damage to an extent via the massive bonus charges to its Korean and in another country branches, which come as a commemoration of the 20 year mark for the reason that start of Chairman Lee Kun-hee’s “New Administration” option to put the corporate on the high of the worldwide electronics market.

Lee took over the TV set firm in 1987 from his father (the founder) and in 1993 set out to succeed in world technology dominance.

As Reuters document, it can be a standard observe amongst Korean corporations to pay decrease salaries and add quite a lot of bonuses, relying on the unit efficiency.

Prior to now two weeks the corporate shares have taken a ten% dip, accounting for an estimated worth lack of round $19 billion.

The corporate has introduced that we must predict the finalized fourth quarter record on January 24, 2014.