Samsung also said its fourth-quarter revenue was likely 66 trillion won, which was slightly off a Reuters average forecast of 66.8 trillion won. This comes after the consumer electronics company recorded an operating loss of 35.2 billion won over the same period a year earlier, LG Electronics said in a regulatory filing.
The South Korean tech giant projected the operating profit for the three months to December to come in at 15.1 trillion won (US$14.1 billion), Reuters reports.
Sales were anticipated to have surged 23.8 percent to reach 66 trillion won over the cited period, it said.
Burning oil tanker off China's coast in danger of exploding
The burning oil was making it hard to get close to the tanker and search for missing crew members, the Iranian authorities said. The ship spilled some of its cargo of 136,000 tons of oil condensate and was floating while still on fire early on January 7.
Based on the guidance, Samsung's 2017 operating profit is likely 53.6 trillion won, compared to the previous year's 29.2 trillion won, putting the South Korean tech giant on course for a record annual profit as strong DRAM memory chip prices continued to fatten margins.
Analysts estimated the operating profit of Samsung's semiconductor business to have surpassed 10 trillion won for the first time in the fourth-quarter.
The company is set to release its final earnings report later this month. (LG) on January 8 announced its preliminary earnings results for the fourth quarter of 2017. The firm did not elaborate on the details for its business divisions.
UK PM May appoints David Lidington as cabinet office minister: May's office
David Lidington has moved from justice minister to Cabinet Office minister and chancellor of the Duchy of Lancaster. . I'll continue to do everything I can to create a country that has equality of opportunity for young people'.
Analysts expect Samsung's display profits to grow this year thanks to sales of organic light-emitting diode (OLED) screens for Apple iPhones as well as Samsung's own handsets.
Shares of LG Electronics closed at 105,000 won on the main bourse Monday, down 5.41 percent from the previous session.
FERC scraps Secretary Perry's plan to prop up coal and nuclear
Four of FERC's five commission members are Trump administration appointees. Monday's order doesn't dismiss the issue of grid reliability, however.