Samsung expects second-quarter profits to miss analysts estimates

Samsung expects second-quarter profits to miss analysts estimates

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnet.com/news/samsung-expects-second-quarter-profits-to-miss-analysts-estimates/

Samsung expects its second-quarter profit growth to be its lowest in more than a year, amid reports of lackluster sales of its flagship Galaxy S9 smartphones.

The Korean electronics giant said Thursday that it expects to record an operating profit of 14.8 trillion Korean won ($13.2 billion) for the three-month period ended June 30, an increase of 5 percent over the year-ago-period. The forecast is slightly below the 14.9 trillion won analyst average estimate in a Thomson Reuters poll.

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