Samsung warns first-quarter earnings will fall short of expectations (CNBC)

  • 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.
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