Samsung Electronics forecasts 4 percent drop in 2Q profit

July 6, 2015 11:43 PM

15 0

SEOUL, South Korea – Samsung Electronics Co. forecasts its second-quarter profit has dropped 4 percent from a year earlier.

The maker of Galaxy smartphones said in its earnings preview Tuesday that its April-June operating profit was 6.9 trillion won ($6.1 billion). The consensus among analysts was 7.23 trillion won, according to financial data provider FactSet.

Also read: Samsung will disable remaining US Note 7s with software update

Read more

To category page

Loading...