Home GRASP/Korea Samsung Electronics Forecasts Operating Profit Growth at 5% in Second Quarter

Samsung Electronics Forecasts Operating Profit Growth at 5% in Second Quarter

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SEOUL—Samsung Electronics Co. forecasts second-quarter operating profit will grow 5%, though the result missed analyst estimates and would halt what had been four straight…
SEOUL—Samsung Electronics Co. forecasts second-quarter operating profit will grow 5%, though the result missed analyst estimates and would halt what had been four straight quarters of record earnings.
The world’s largest smartphone and semiconductor maker said Friday that it expected an operating profit of 14.8 trillion South Korean won ($13.2 billion) for the quarter that ended June 30, up 5% from 14.

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