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Samsung Electronics’ 4Q earnings sink 40 pct

SEOUL, South Korea – Samsung Electronics says its earnings for the final quarter of 2015 have plunged 40 percent over a year earlier.

The South Korean company said Thursday its October-December net profit was 3.2 trillion won ($2.7 billion). The result falls short of expectations. Analysts expected 5.05 trillion won in net income, according to FactSet, a financial data provider.

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