SEOUL (Reuters) - Samsung Electronics Co Ltd estimated its April-June operating profit rose 47 percent to a record 9.5 trillion won, lifted by the late April launch of its flagship Galaxy S4 smartphones.
The guidance - released ahead of full quarterly results due by July 26 - was worse than an average forecast of 10.16 trillion won by 43 analysts polled by Thomson Reuters I/B/E/S.
Samsung estimated its second-quarter sales at 57 trillion won, versus a market forecast for 58.7 trillion won.
(Reporting by Miyoung Kim; Editing by Stephen Coates)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app