SEOUL, KOREA - Amid predictions that Samsung Electronics’ fourth-quarter operating profit will likely to fall short of 10 trillion won, the stock price of Samsung Electronics is on a downward trend. Market watchers also predicted that it would be difficult for Samsung Electronics to achieve the 100-trillion-won operating profit even in the first quarter of next year.
According to financial information provider FnGuide on December 26, the consensus figures for Samsung Electronics’ fourth-quarter operating and net profit were originally set at 10.2 trillion won and 8.6 trillion won, respectively.
Such estimates are up 0.67 percent and 5.10 percent compared to a quarter ago and up 15.79 percent and 23.12 percent compared to a year ago. However, as the year’s end approaches, the estimates for Samsung Electronics’ fourth quarter operating profit have been revised downward to the 9-trillion-won level.