Z
Zach Epstein
Guest
Samsung on Tuesday morning reported unaudited financial results for the second quarter that badly missed analysts' estimates. The company said that it expects second-quarter operating profit to fall to 7.2 trillion won, or approximately $7.1 billion, versus analysts' expectations of 8.6 trillion won. That figure marks a massive 24% decline from the year-ago quarter. Samsung also said that it expects June-quarter revenue to decline 10% to 52 trillion won, or approximately $51.4 billion.
Continue reading...
Via BRG - Boy Genius Report