Phone wars: Samsung earnings show signs of life

April 7, 2015 1:28 AM

55 0

Good news for Samsung: The company's sales and profits appear to be stabilizing, raising hopes that the South Korean electronics giant will emerge from its smartphone-induced funk.

Samsung said Tuesday that it anticipates an operating profit of 5.9 trillion won ($5.4 billion) for January to March -- a 31% decline from the previous year, but the strongest number in three quarters.

Also read: UPDATE 1-Industrial equipment hire firm Ashtead hikes annual results forecast

Read more

To category page

Loading...