Samsung, NASDAQ OMX Group, Inc. Profits Fall

As of this writing, shares of Samsung had declined 1.31% to 1.36 billion won, while NASDAQ OMX shares were flat at $45.04 per share

Samsung and NASDAQ OMX released their latest earnings reports before opening bell this morning. Samsung posted revenue of 52.73 trillion won and operating profits of 5.29 trillion won.

NASDAQ OMX reported adjusted earnings of 75 cents per share, an increase from 69 cents last year, on revenue of $517 million, a slight decline. Analysts had been expecting the company to report earnings of 74 cents per share on $521 million in revenue.

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Key metrics from Samsung’s earnings report

Samsung posted net profits of 23.4 trillion won for the quarter and a 21% decline in mobile phone sales for the full year, which fell to 107.41 trillion won. This was the first annual decline in earnings in three years, according to The BBC. Net income has fallen on a full year basis for the last four consecutive quarters, according to GSM Arena.

Although Samsung sustained a sharp blow from the decline of its mobile business, management expects this year to be the turning point thanks to emerging markets. The company also expects continued strong results in its chip making and RAM divisions. Samsung plans to us its own silicon going forward, thus cutting costs.

Key metrics from NASDAQ OMX’s earnings report

NASDAQ OMX reported GAAP earnings of 50 cents per share or $87 million, compared to 81 cents per share or $141 million in the same quarter a year ago. Revenue from the Market Services division was 39% of the company’s results and rose $1 million to $205 million for the quarter. Operating expenses excluding items fell 5% to $296 million. Including debt extinguishment, mergers and strategic investments, the company reported an increase in operating expenses, which rose from $282 million last year to $344 million this year.

For the current year, NASDAQ OMX expects to spend between $1.12 billion and $1.15 billion. That includes between $30 million and $40 million in research and development.