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Samsung SDS profit misses consensus by 25.6% in Q4

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Samsung SDS profit misses consensus by 25.6% in Q4

Samsung SDS Co. Ltd. said its fourth-quarter normalized net income came to 1,289.23 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,732.51 won per share.

EPS declined 11.4% year over year from 1,454.36 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 99.72 billion won, a decline of 11.4% from 112.52 billion won in the year-earlier period.

The normalized profit margin dropped to 4.7% from 5.2% in the year-earlier period.

Total revenue fell on an annual basis to 2.105 trillion won from 2.169 trillion won, and total operating expenses decreased from the prior-year period to 1.933 trillion won from 1.983 trillion won.

Reported net income came to 130.92 billion won, or 1,692.50 won per share, compared with 129.89 billion won, or 1,678.87 won per share, in the year-earlier period.

For the year, the company's normalized net income totaled 4,787.23 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 5,750.94 won.

EPS was 4,761.00 won in the prior year.

Normalized net income was 370.29 billion won, compared with 368.25 billion won in the prior year.

Full-year total revenue totaled 7.853 trillion won, compared with 7.898 trillion won in the prior year, and total operating expenses totaled 7.267 trillion won, compared with 7.305 trillion won in the prior-year period.

The company said reported net income increased year over year to 439.02 billion won, or 5,675.75 won per share, in the full year, from 412.88 billion won, or 5,338.00 won per share.

As of March 3, US$1 was equivalent to 1,211.12 South Korean won.