Reported 9 days ago
Samsung Electronics reported a smaller-than-expected decline in Q1 operating profit, at 0.2%, driven by strong memory chip and smartphone sales as customers stockpiled ahead of potential U.S. tariffs. The estimated operating profit of 6.6 trillion won exceeded analysts' expectations, with increased demand for Samsung's products helping to boost performance despite general price dips in memory chips. However, analysts predict a weaker second quarter due to anticipated decreases in shipments.
Source: YAHOO