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Analyst lowers his expectations for Samsung Q4 2013 profits

Samsung Q4 2013 expected to be less profits than previously estimated (KRX:005930)

| Business, Financial & Legal News | Posted: Jan 5, 2014 5:29 am

There are countless Galaxy smartphones and tablets in the wild now, but according to Barrons, Jefferies & Co. analyst, Hyunwoo Doh, it looks like Samsung's Q4 2013 profit estimate might not be as strong as previously thought.

 

TweakTown image news/3/4/34615_06_samsung_reportedly_lowering_its_q4_2013_profit_estimates.jpg

 

The analyst lowered his estimates for Samsung's Q4 2013 "to reflect higher bonus payouts, adjustments to the company's manufacturing of display panels, and the decline of the U.S. dollar against the Korean Won." Doh has faith in the South Korean giants mobile division, which is doing very good business.

 

He added: "[T]he [IT & Mobile Communications] division should see a decrease in earnings, due to slower high-end smartphone sales and inventory destocking. As such, its share price momentum should weaken until an earnings recovery is seen."

NEWS SOURCES:Bgr.com

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