Samsung Electronics today announced its preliminary results for the fourth quarter of last year... "Expected operating profit of KRW 7 trillion."

Samsung Electronics will announce its preliminary results for the fourth quarter of last year today (8th).

Samsung Electronics will release its preliminary results for the fourth quarter through the Financial Supervisory Service's electronic disclosure system this morning.

Securities firms expect operating profit to reach 7 trillion won, more than 1 trillion won lower than previous expectations, citing slowing mobile business, oversupply of legacy memory and falling utilization rate of semiconductor consignment production "foundry."

Earlier, Samsung Electronics, which recorded an operating profit of KRW 9 trillion in the third quarter, issued an apology from Vice Chairman Jeon Young-hyun saying that it was worried about the performance that did not meet expectations.

Yesterday, Samsung Electronics changed course after gaining ground during the day on the KOSPI market and closed at 55,400 won, down 0.89 percent.