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>> Record fourth quarter results ahead for Samsung, still falling short of the street's expectations in profit guidance Tuesday, even with hot sales from its chip business. Samsung said it's expecting Q4 operating profit to surge to $14.1 billion. Jumping up more than 60% from this time last year. That's still shy of what analysts told Reuters in polls.
Experts say a strong Korean Won ate into the bottom line, along with one-offs like staff bonuses. Despite Samsung's remarkable turn around, shares have plunged over 10% since an all-time high in November. And as Reuters Joyce Lee explains, the outlook is divided when it comes to memory chips.>> On the one hand, there is much demand for server DRAMs, as Amazon, Google, and other companies build data centers.
NAND flash chips, prices have fallen, so we'll have to wait and see. It's worth watching the end of the month, quarterly earnings to see what factors, in which business affected this quarter.>> Still, Samsung's turbulent times seem like a distant memory, and 2017 was certainly a turnaround year.
After the Galaxy Note 7 smart phone recall the year before and billionaire leader Jay Y Lee put behind bars. Soaring demand for one of its simplest products, the humble memory chip, helped Samsung weather the storm. It's used in everything from smartphones to data centers. Earnings are set to be posted later this month.