Samsung Electronics Co. Beats Forecasts But Earnings Fell In Q4 2014

Samsung Electronics Co. reported that its fourth quarter earnings beat gloomy forecasts, but net income fell 36 percent on softer smartphone sales. The manufacturer announced Wednesday that its net profit fell to $4.9 billion, or 5.3 trillion won during October to December, down from $6.6 billion, or 7.04 trillion won, from a year earlier.