Photograph illustration exhibiting the Samsung Group firm emblem displayed on a smartphone display.
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Samsung Electronics‘ working revenue and income beat analysts’ estimates Wednesday, as gross sales of its flagship Galaxy S25 smartphones and in addition to reminiscence chips rose.
The South Korean firm posted a report quarterly income, up 10% from a 12 months earlier, whereas its first-quarter working revenue climbed 1.5%.
Listed here are Samsung’s first-quarter outcomes in contrast with LSEG SmartEstimates, that are weighted towards forecasts from analysts who’re extra constantly correct:
- Income: 79.1 trillion Korean gained vs. 78.1 trillion Korean gained
- Working revenue: 6.7 trillion Korean gained vs. 6.4 trillion Korean gained
First-quarter income marginally topped Samsung’s forecast of 79 trillion gained, whereas working revenue additionally got here in greater than the corporate’s expectations of 6.6 trillion Korean gained.
Samsung is a number one producer of reminiscence chips, that are utilized in gadgets equivalent to laptops and servers, and can be the world’s second-largest smartphone maker.
The corporate flagged macroeconomic uncertainties resulting from commerce tensions and a slowdown in world development. Samsung expects efficiency to enhance within the second half of the 12 months, “assuming that the uncertainties are diminished.”
That is breaking information. Please test again for updates.
