- Samsung Electronics said Tuesday morning it expects first quarter earnings to come below market expectations due to weakness in its display and memory businesses.
- In a regulatory filing, the world’s largest smartphone maker said it predicted a bigger-than-expected price decline for major memory products, which are used in mobile handsets and enterprise servers, due to seasonal weakness in demand.
- Samsung shares slid 0.88 percent in morning trade, falling behind the broader Kospi index which was in positive territory on Tuesday.
More: https://www.cnbc.com/2019/03/26/samsung-warns-on-first-quarter-earnings.html
Submitted March 26, 2019 at 01:19AM by markyu007 https://ift.tt/2HH5WMu
