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Samsung Electronics Set For Best Quarter In Over Two Years On Second-Quarter Smartphone Boost

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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The logo of Samsung Electronic is seen at its headquarters in SeoulBy Se Young Lee SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd is poised to issue guidance for its best quarterly profit in more than two years, propelled by a surge in mobile earnings on the back of robust sales of its flagship Galaxy S7 smartphones. The average forecast from a Thomson Reuters survey of 16 analysts tips Samsung to report April-June operating profit of 7.8 trillion won ($6.8 billion), the highest since an 8.5 trillion won profit in January-March of 2014. The mobile division of the world's top maker of smartphones and memory chips was likely its top earner for the second straight quarter with a 4.3 trillion won profit, according to the survey.




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