INQUIRER.net: Samsung estimates disappointing Q2 profit

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INQUIRER.net Philippine News for Filipinos

Samsung estimates disappointing Q2 profit Jul 5th 2013, 02:19 SEOUL, South Korea— Samsung Electronics Co. estimates its April-June operating income at 9.5 trillion won ($8.3 billion), a record high for the world's largest smartphone maker but short of expectations. The South Korean company said in its Friday earnings preview that its second-quarter operating income jumped 47 percent from a year earlier. That is smaller growth than the market consensus of 10.2 trillion won by data provider FactSet. Samsung said sales grew 20 percent to 57 trillion won ($50 billion). It announces net income and details of quarterly financial results later this month. Samsung says the latest iteration of its flagship smartphone, the Galaxy S4, hit 10... Keep on reading: Samsung estimates disappointing Q2 profit Media files: samsung1.jpg (image/jpeg)

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