Category: Finance & Business

Samsung Profit Misses Estimates as Stronger Won Hits Sales

(Bloomberg) — Samsung Electronics Co. reported lower-than-projected profit as it lost momentum in memory chips and faced a strengthening South Korean won. Operating income rose to 15.1 trillion won ($14.2 billion) in the three months ended December, according to preliminary results released Tuesday. That compares with the 16.1 trillion-won average of analysts’ estimates compiled by…