Samsung Profit Beats Estimates With Demand Rising for Its Chips and Displays
Samsung 1Q Preliminary Profit Beats Estimates
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Samsung Electronics Co. posted profit that beat analysts’ estimates as rising demand for memory chips and displays more than offset a slump in smartphones.
Operating income fell 31 percent to 5.9 trillion won ($5.4 billion) in the three months ended March, the Suwon, South Korea-based company said in a filing Tuesday. That compares with the 5.5 trillion won average of 36 analyst estimates compiled by Bloomberg. Sales fell 12 percent.