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Samsung sees bounce in Q1 ahead of Galaxy S8

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The South Korean giant’s latest quarterly likely benefited from its business supplying chips, displays and other components.
Samsung’s ready to claw its way back from the Galaxy Note 7 disaster.
The company on Thursday estimated its operating profit for the first quarter should jump nearly 50 percent from the same period a year ago, while its revenue should be about flat but better than analysts expected.
Samsung said its overall operating profit should leap to 9.9 trillion won ($8.8 billion) from 6.68 trillion won a year earlier. Its sales should total about 50 trillion Korean won ($44.2 billion), up from 49.78 trillion won a year earlier. The company didn’t provide any commentary or details about its results.
Analysts expected Samsung to post revenue of 49.3 trillion won ($43.6 billion), according to a poll by Thomson Reuters.
CNET senior reporter Shara Tibken visits Samsung headquarters in South Korea to see firsthand how the company has stepped up its battery testing after the disastrous Note 7 fires.

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