Samsung Elec estimates 0.2% drop in Q1 operating profit, beats expectations

, Reuters -  6:44 PM ET 4/7/2025 Technology

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SEOUL, April 8 (Reuters) - Samsung Electronics ( SSNLF ) on Tuesday estimated a 0.2% drop in first-quarter operating profit from a year earlier, beating analysts' estimates on solid smartphone sales and better-than-expected sales of memory chips.

The world's largest memory chipmaker estimated an operating profit of 6.6 trillion won for the January-March period, versus a 5.1 trillion won LSEG SmartEstimate. (Reporting by Heekyong Yang and Joyce Lee and Hyunjoo Jin; Editing by Sonali Paul)

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