Samsung Electronics Co provided earnings guidance for the fourth quarter and full year of 2014. For the quarter, the company has estimated a 37% annual drop in its operating income. The company put its October-December operating profit at KRW 5.2 trillion down 37% from a year earlier.

The better-than-expected preliminary result will still sent the full year's profit for 2014 to the lowest level since 2011. Sales dropped 12% to KRW 52 trillion. Operating profit is expected to be about KRW 24.9 trillion ($22.6 billion), down 32% from 2013, based on preliminary figures.