Samsung Profit Tops Estimates as S7 Keeps Winning Customers

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  • Marketing costs seen under control amid slowing sales growth
  • Electronics maker’s shares have climbed up 13 percent in 2016

Samsung 2Q Profit Tops Estimates on S7 Demand

Samsung Electronics Co. reported its biggest operating profit in more than two years, bolstered by brisk demand for its Galaxy S7 smartphones, cost controls and sluggish iPhone sales.

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