Tech giant Samsung Electronics Co Ltd will likely report a first-quarter operating profit of more than 6 trillion won (USD 5.2 billion), exceeding market expectations, South Korea's Korea Economic Daily reported on Wednesday.
Citing an unnamed source, the paper said January-March earnings for the world's top smartphone maker were boosted by strong sales of the flagship Galaxy S7 smartphones that went on sale in March as well as a weaker South Korean won.
Thomson Reuters StarMine SmartEstimate tips a 5.2 trillion won profit for the period.
Samsung Electronics could not be immediately reached for comment.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
