Samsung Electronics on Tuesday said it was expecting record operating profits of about 15.1 trillion Korean won (about $14.13 billion) for the December quarter.

That number, however, fell short of a Reuters average forecast of 15.9 trillion won in operating profits.

Samsung also said its fourth-quarter revenue was likely 66 trillion won, which was slightly off a Reuters average forecast of 66.8 trillion won.

Over recent quarters, the world’s largest marker of memory chips, smartphones and other electronics products has seen its booming semiconductor business as a major earnings driver. That, according to Samsung, is due to strong demand for memory chips from data centers and new smartphones.

In the previous quarter, the South Korean electronics giant reported an operating profit of 14.5 trillion won ($12.91 billion), which was in line with earlier guidance. It had also recorded a quarterly revenue of about $55 billion and said it would pay dividends of about 29 trillion won in the 2018-2020 period.


News Reporter

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