Revenue rose to about 71 trillion won during the quarter, compared with projections for 71.8 trillion won. Shares slipped about 1% in early Seoul trading.
Samsung Electronics Co.’s profit rebounded sharply in the first quarter of 2024, reflecting a turnaround in the company’s pivotal semiconductor division and robust sales of Galaxy S24 smartphones.
The world’s largest memory chipmaker on Friday reported preliminary operating profit of about 6.6 trillion won (US$4.9 billion), compared with analyst estimates of 5.37 trillion won. The increase snapped a run of consecutive quarterly declines that began in the third quarter of 2022.
