In a regulatory filing on Tuesday, Samsung Electronics - the flagship of South Korea's biggest conglomerate - said consolidated operating profit for the October-December 2016 quarter came in at 9.22 trillion Korean won ($7.9 billion), up 50.16 percent from 6.14 trillion won from a year earlier. The earning was in line with expectations, based on guidance provided previously.
The company added fourth-quarter earnings were driven by the components businesses, which make memory chips and display panels.
Investors had a positive response to the earnings report, with Samsung shares closing up 0.26 percent
Various reports indicate the much-anticipated S8 will not be launched at this year's Mobile World Congress, the go-to platform for Samsung's flagship phone launches. Instead, it is expected to be introduced sometime in March or April, though Samsung has not indicated a definite date.
The S8 launch will be closely watched since it will be the first new product after the Note 7 was discontinued last year due to battery issues that resulted in handsets catching fire. It will be a litmus test for Samsung in their bid to regain customers' trust, and analysts have said the company cannot afford another product safety slip-up in the next few years.
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