financetom
Technology
financetom
/
Technology
/
Samsung Electronics operating profit rises slightly in Q1
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Samsung Electronics operating profit rises slightly in Q1
May 25, 2025 9:22 PM

SEOUL (Reuters) -Samsung Electronics ( SSNLF ) reported on Wednesday a small rise in first-quarter operating profit as customers concerned about U.S. tariffs rushed to purchase smartphones and commodity chips, mitigating the impact of its underperforming artificial intelligence chip business.

Samsung did not give its earnings outlook for the current quarter, saying "growing macroeconomic uncertainties due to recent global trade tensions and slowing global economic growth" made it "difficult to predict future performance."

The world's largest memory chip maker reported 6.7 trillion won ($4.68 billion) in operating profit for the quarter ended in March, up 1.2% from a year earlier and in line with its earlier estimate of 6.6 trillion won.

Samsung's chip division posted an operating profit of 1.1 trillion won, down 42% from a year earlier. Its mobile device and network business saw its profit rise 23% to 4.3 trillion won during the period.

Revenue rose 10% to 79.1 trillion won in the January-to-March period, in line with its earlier estimate of 79 trillion won.

($1 = 1,431.5000 won)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Breaking Down NetApp: 16 Analysts Share Their Views
Breaking Down NetApp: 16 Analysts Share Their Views
Aug 29, 2024
In the last three months, 16 analysts have published ratings on NetApp ( NTAP ) , offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...
Cracking The Code: Understanding Analyst Reviews For Akamai Techs
Cracking The Code: Understanding Analyst Reviews For Akamai Techs
Aug 29, 2024
12 analysts have shared their evaluations of Akamai Techs during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent...
GameStop Converts Stores To Retro Retailers To Help Gamers Find Old Nintendo, Sega, Game Boy, PlayStation, Xbox Consoles
GameStop Converts Stores To Retro Retailers To Help Gamers Find Old Nintendo, Sega, Game Boy, PlayStation, Xbox Consoles
Aug 29, 2024
Video game retailer GameStop Corp ( GME ) faced concerns over the growth of digital games taking away from physical games and the company's business model. The company may have a new strategy by offering a place to buy retro video games. What Happened: Best known as a meme stock these days, GameStop ( GME ) could have a new...
Taiwan Semiconductor Options Trading: A Deep Dive into Market Sentiment
Taiwan Semiconductor Options Trading: A Deep Dive into Market Sentiment
Aug 29, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on Taiwan Semiconductor. Looking at options history for Taiwan Semiconductor we detected 74 trades. If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 39% with bearish. From the overall spotted trades,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved