Seoul, South Korea – Samsung reported first-quarter
consolidated earnings estimates, which showed lower operating profits but
higher sales compared with actual results in last year’s first quarter.
Operating profit is estimated at 2.9 trillion won for the
quarter as compared with actual operating profits of 4.41 trillion won in the
first quarter of last year.
Sales are estimated at about 37 trillion won compared with
sales of 34.64 trillion won in the first quarter of last year.
Estimated net profits were not provided by Samsung. Analysts
from a variety of media outlets pointed to several reasons for lower operating
profits, including sluggish demand for TVs.
Samsung’s actual earnings results will be released later