Samsung Electronics estimates Q2 record profit, misses forecast

Samsung Electronics missed quarterly earnings forecasts on Friday as it reported a 47 per cent rise in April-June operating profit to a record 9.5 trillion won (HK$65.5 billion), reviving concerns for growth in its smartphone business.

The guidance, released ahead of full quarterly results due on July 26, was worse than an average forecast of 10.16 trillion won (HK$69.0 billion) in a poll of 43 analysts by Thomson Reuters I/B/E/S.

via Business feed http://www.scmp.com/business/companies/article/1275828/samsung-electronics-estimates-q2-record-profit-misses-forecast