SEOUL, Samsung Electronics Co. on Wednesday reported its fourth-quarter net profit of 6.34 trillion won (US$4.8 billion), down 73.4 percent from a year earlier.

The company said in a regulatory filing that operating profit for the October-December period fell 34.4 percent on-year to 2.82 trillion won. Sales decreased 3.8 percent to 67.77 trillion won.

The earnings beat market expectations. The average estimate of net profit by analysts stood at 3.19 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

Source: Yonhap News Agency