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The South Korean company posted a record quarterly revenue, up 10% from a year earlier, while its first-quarter operating profit climbed 1.5%.
Here are Samsung’s first-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:
- Revenue: 79.1 trillion Korean won vs. 78.1 trillion Korean won
- Operating profit: 6.7 trillion Korean won vs. 6.4 trillion Korean won
First-quarter revenue marginally topped Samsung’s forecast of 79 trillion won, while operating profit also came in higher than the company’s expectations of 6.6 trillion Korean won.
Samsung is a leading manufacturer of memory chips, which are utilized in devices such as laptops and servers, and is also the world’s second-largest smartphone maker.
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