Samsung Electronics Profit Up 48 Percent For First Quarter
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..