Samsung Q1 operating profit drops

|About: Samsung Electronics Co., ... (SSNLF)|By:, SA News Editor

Samsung's (SSNLF) Q1 operating profit fell for the second quarter in a row in Q1, dropping a preliminary 4.3% to 8.4T won ($7.96B) and vs consensus of 8.5T won.

Sales rose slightly to 53T won from 52.87T won and vs expectations of 54.58T won.

Samsung released its Q1 estimates ahead of the global launch of the Galaxy S5 on Friday amid criticism that the device doesn't have any overly interesting new features.

Shares fell 0.2% in Seoul. (PR)