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Earnings

Samsung Electronics tips record Q1 profit as chip boom winds down

Updated : April 06, 2018 03:56 PM IST

Samsung shares fell after the announcement as analysts forecast similar or lower profit in the second quarter.
Revenue for the quarter was tipped to rise 18.7% to 60 trillion won, Samsung said in a regulatory filing.
Samsung shares fell as much as 2.7% on Friday before paring losses to close down 0.7%, compared to a 0.3% drop in the wider market.
Samsung Electronics tips record Q1 profit as chip boom winds down
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