• Samsung forecasts slowing profit growth for Q2, missing analyst estimates

    4 monthes ago - By Tech Crunch

    Samsung has put out earnings guidance for its Q2 which indicate quarterly growth at its slowest for more than a year - as a lack of new ideas to sell high end smartphones drags on the company's bottom line.
    The electronics maker is reporting estimated profit of 14.8 trillion Korean won on revenue of 58 trillion Korean won for the quarter.
    Samsung's expectation just misses an average estimate of 14.9 trillion won from 18 analysts polled by Thomson Reuters , and shares in the company are down just over 2 per cent on the earnings guidance news.
    The Q2 forecast compares to profit of 15.64...
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