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Wireless

Samsung Q2 outlook falls short of expectations

Friday 5 July 2013 | 08:36 CET | News
Samsung said it expects to report sales of KRW 56-58 trillion and operating profit of KRW 9.3-9.7 trillion for the second quarter. That's up from sales of KRW 47.60 trillion and operating profit of KRW 6.46 trillion in the second quarter of 2012. Samsung's shares fell almost 4 percent after the news, as the forecast fell short of market expectations for the Korean company's quarterly earnings. A poll of 34 analysts by Bloomberg estimated on average an operating profit of KRW 10 trillion for Q2.

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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