Samsung Electronics’ earnings beat analyst forecasts in the first quarter, bolstering the South Korean company’s turnround hopes after a sharp fall in profits last year.
In preliminary guidance on Tuesday, the world’s biggest technology company by revenue estimated operating profit of around Won5.9tn ($5.4bn) in the three months to March 31 — down 31 per cent from Won8.5tn a year before but up from a quarterly trough of Won4.1tn in the third quarter of 2014.
The company will publish detailed results later this month.
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