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Samsung Electronics profit misses consensus by 17.5% in Q4

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Samsung Electronics profit misses consensus by 17.5% in Q4

Samsung Electronics Co. Ltd. said its fourth-quarter normalized net income came to 28,524.92 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 34,581.61 won per share.

EPS increased 20.7% year over year from 23,641.85 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.163 trillion won, a gain of 16.9% from 3.563 trillion won in the prior-year period.

The normalized profit margin increased to 7.8% from 6.8% in the year-earlier period.

Total revenue rose year over year to 53.318 trillion won from 52.730 trillion won, and total operating expenses totaled 47.172 trillion won, compared with 47.442 trillion won in the year-earlier period.

Reported net income declined 41.6% year over year to 3.089 trillion won, or 21,162.61 won per share, from 5.286 trillion won, or 35,078.15 won per share.

For the year, the company's normalized net income totaled 113,924.72 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 138,125.71 won.

EPS declined from 116,555.70 won in the prior year.

Normalized net income was 16.942 trillion won, a decline from 17.575 trillion won in the prior year.

Full-year total revenue fell on an annual basis to 200.653 trillion won from 206.206 trillion won, and total operating expenses fell on an annual basis to 174.240 trillion won from 181.181 trillion won.

The company said reported net income declined on an annual basis to 18.695 trillion won, or 125,711.13 won per share, in the full year, from 23.082 trillion won, or 153,085.24 won per share.

As of Feb. 26, US$1 was equivalent to 1,240.23 South Korean won.