On January 06, 2023, Samsung announced the earning guidance for Q4 2022, and as per the press release the company shared 4.3 trillion won ($3.3 billion) in operating profit. The milestone is down 69 percent on the year and it seems a bad result as compared to the third quarter of 2014.
- Consolidated Sales: Approximately 70 trillion Korean won
- Consolidated Operating Profit: Approximately 4.3 trillion Korean won
The above estimates are based on K-IFRS. Fourth quarter sales are forecast at 70 trillion won, down 8.58 percent on year, and short of the market expectation of 72.7 trillion won.
The average selling prices for flash memory products fell 30 percent in the fourth quarter and DRAM prices 25 percent, according to Wi Min-bok, an analyst at Daishin Securities. Samsung Electronics will report its actual earnings on Jan. 31.