Samsung Electronics tips record fourth-quarter profit, misses expectations on strong won.
SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) on Tuesday estimated a 64 percent jump in fourth-quarter operating profit to a new record, but the guidance fell short of market expectations as the strong won and year-end bonuses dented profits.

The global memory chip leader and Apple Inc (AAPL.O) smartphone rival said its October-December profit was likely 15.1 trillion won ($14.1 billion), compared with a 15.9 trillion won average estimate from 17 analysts surveyed in a Thomson Reuters poll.

Based on the guidance, Samsung’s 2017 operating profit is likely 53.6 trillion won, compared to the previous year’s 29.2 trillion won, putting the South Korean tech giant on course for a record annual profit as strong DRAM memory chip prices continued to fatten margins.

Revenue was estimated to have increased 24 percent to 66 trillion won, versus the analysts’ average forecast of 66.8 trillion won.

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