Samsung Q1 operating profit drops


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)

Comments (1)
  • june1234
    , contributor
    Comments (4348) | Send Message
     
    They only made $8B this quarter. Thats it I'm sending them $5 to help tie them over till they get their act together
    8 Apr 2014, 06:12 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs