Samsung releases Q1 guidance: operating profit down 4.3%

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Samsung releases Q1 guidance: operating profit down 4.3%

<img src="http://cdn.gsmarena.com/...This TV Show is available upon demand...This means if you want the download link for this show, you should  reply here and we will reply  for you the download link ASAP...So please if you want to download this please don't hesitate reply here and we will be more than happy to post it for you..../newsimg/13/04/samsung-q1-report/thumb.jpg" width="70" height="92" hspace="3" alt="" border="0" align=left style="background:#333333;padding:0px;margin:0px 4px 0px 0px;border-style:solid;border-color:#aaaaaa;border-width:1px" /> <p>Samsung's Q1 report isn't ready yet (it should come out on April 25), but the tech giant released guidance for operating profit and sales for the first quarter of this year. While last year the company posted a massive increase in operating profit, this year it's 4.3% down.

Samsung's operating profit for the January-March period is KRW 8.4 trillion, while for the same period last year it was KRW 8.78 trillion. Due to changes in currency rates, the numbers look differently in USD - $7.9 billion last year and $7.9 billion again this year.



Sales are flat - KRW 52.87 trillion a year ago and KRW 53 trillion now. The market forecast was KRW 54.58 trillion, the operating profit forecast by Thomson Reuters was KRW 8.5 trillion.

Both numbers are below Samsung's guidance, but the company's stock seems unaffected for now.

Samsung's new flagship, the Galaxy S5, has not hit stores internationally, but it got off to an early start in South Korea to dodge a temporary sales ban imposed on local carriers (it was selling well...</p>

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