Samsung says it will have a higher first quarter operating profit than earlier expected

On Tuesday (because of the time difference, those in Korea are a day ahead of us), Samsung announced that it expects to report an operating profit of $5.43 billion USD for the first quarter. That is above the $4.88 billion USD in operating profits that analysts had earlier predicted Samsung would report for the first three months of the year. However, it is a 38% decline from the $7.82 billion USD in operating profits that Samsung reported for last year's first quarter.



For the first quarter of this year, Samsung expects to have $43.25 billion USD in revenue. That is lower than the $45.83 ...