Analyst lowers his expectations for Samsung Q4 2013 profits

Samsung Q4 2013 expected to be less profits than previously estimated.

| Jan 4, 2014 at 11:29 pm CST

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.

Analyst lowers his expectations for Samsung Q4 2013 profits | TweakTown.com

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."

Last updated: Jun 16, 2020 at 04:29 pm CDT

NEWS SOURCE:bgr.com

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