SEOUL — Samsung Electronics Co. is forecasting a roughly 52% jump in its fourth-quarter operating profit from the year-ago period, lifted by resilient demand for memory chips and improved returns from its contract chip-making business.

The world’s largest smartphone and memory-chip maker expects operating profit of about 13.8 trillion South Korean won, equivalent to about $11.4 billion, for the quarter ended Dec. 31. That compares with about 9.05 trillion won for the year-earlier quarter.

Source: This post first appeared on http://marketwatch.com/

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

The Most Important Green Bay Packers: Can Aaron Rodgers Have A ‘Last Dance’ Like Michael Jordan Did?

Aaron Rodgers won his third straight MVP in 2020. Getty Images The…

Clean Energy ETFs Take a Hit, but Money Keeps Flowing In

Investors have lost a bundle this year betting on solar-panel and wind-turbine…

Some Cook County Businesses Say Sky-High 2020 Property Tax Bills Could Shut Them Down

CHICAGO (CBS) — Some Cook County business owners have been left wondering…

Robinhood Agrees to Pay $70 Million to Settle Regulatory Investigation

WASHINGTON—Robinhood Financial LLC has agreed to pay nearly $70 million to resolve…