Categories: TECHNOLOGY

Samsung’s first-quarter operating profit and revenue beat expectations on smartphone, chip sales

Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.

Sopa Images | Lightrocket | Getty Images

Samsung Electronics‘ operating profit and revenue beat analysts’ estimates Wednesday, as sales of its flagship Galaxy S25 smartphones and as well as memory chips rose.

The South Korean company posted a record quarterly revenue, up 10% from a year earlier, while its first-quarter operating profit climbed 1.5%.

Here are Samsung’s first-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:

  • Revenue: 79.1 trillion Korean won vs. 78.1 trillion Korean won
  • Operating profit: 6.7 trillion Korean won vs. 6.4 trillion Korean won

First-quarter revenue marginally topped Samsung’s forecast of 79 trillion won, while operating profit also came in higher than the company’s expectations of 6.6 trillion Korean won.

Samsung is a leading manufacturer of memory chips, which are utilized in devices such as laptops and servers, and is also the world’s second-largest smartphone maker.

The company flagged macroeconomic uncertainties due to trade tensions and a slowdown in global growth. Samsung expects performance to improve in the second half of the year, “assuming that the uncertainties are diminished.”

This is breaking news. Please check back for updates.

Source link

freshblognews

Recent Posts

Prince Harry says King Charles refuses to speak to him

Prince Harry says King Charles refuses to speak to him - CBS News Watch CBS…

24 minutes ago

Cassette tapes see surprising sales surge

Cassette tapes see surprising sales surge - CBS News Watch CBS News Forget the vinyl…

31 minutes ago

World Press Freedom Day: Release my father Jimmy Lai, who published what China’s leaders did not want to hear

Join Fox News for access to this content Plus special access to select articles and…

33 minutes ago

Information for 5.5 million patients exposed by major healthcare data breach

Healthcare seems to be the favorite target of attackers this year. It's been only four…

33 minutes ago

Dem governor comms hire has penchant for anti-white posts on social media

The reelection campaign of Governor Katie Hobbs, D-Ariz., has tapped someone with a penchant for…

33 minutes ago

Our best taco recipes, starring chicken, shrimp, beans and more

Our best taco recipes, including puffy, crunchy and cheesy shells and filling such as spiced…

34 minutes ago