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Samsung Electronics Tips Better Second Quarter, Though Cautious On Outlook

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A man talks on a phone in front of a giant advertisement promoting Samsung Electronics' new smartphone Galaxy S6 in SeoulBy Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd on Wednesday tipped further earnings improvement in the second quarter after confirming its highest profit in three quarters in January-March, but voiced some caution about the second-half outlook. Samsung's renewed focus on design after a period of stagnation in its smartphone range appears to be paying dividends so far, with analysts tipping annual profit for 2015 to beat last year's by almost 11 percent. Though still 29.6 percent lower than a year earlier, it was Samsung's best result since the June quarter last year. "In the second quarter, the company expects its overall earnings to increase compared to the previous quarter," Samsung said in a statement, citing the launch of its new flagship Galaxy S6 smartphones.




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