Seoul: Samsung April-June operating profit is estimated to be at $5.9 billion, largely owing to strong sales of its flagship Galaxy range of smartphones.
The biggest technology firm by revenue and top maker of handsets, memory chips and TVs was in line with an average forecast of 6.67 trillion won by 23 analysts polled by Reuters, the news agency reported.
Samsung, which will release its full quarterly results by July 27, estimated April-June sales at 47.0 trillion won, below a 50 trillion won forecast.
Samsung shares have dropped 15 percent in the past two months amid concerns over a depressed chip market and the impact on demand for consumer electronics from a weak euro. Over the same period, the broader Korean market has fallen just over 5 percent, and gadget rival Apple has gained almost 3 percent.
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