Samsung Electronics Profit Up 48 Percent For First Quarter

Wochit Business - Friday, 7 April 2017
Tech giant Samsung Electronics estimated on Friday that its first-quarter operating profit rose 48 percent from a year earlier. The profit is beating expectations since strong memory chip prices likely padded margins. Samsung, in a regulatory filing, said its January-March profit was likely 9.9 trillion won, $8.76 billion dollars, compared with an average forecast of 9.4 trillion won. These figures are from a Thomson Reuters survey of 18 analysts.

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