SEOUL, April 8 Samsung Electronics Co Ltd
estimated that its January-March operating profit
fell by 4.3 percent to 8.4 trillion won ($7.96 billion) as
easing smartphone sales growth continued to weigh earnings down.
The guidance, released ahead of full quarterly results
likely to be announced by April 25, was slightly lower than an
average forecast of 8.5 trillion won by 40 analysts polled by
Thomson Reuters I/B/E/S. This marks the second consecutive
quarter of declining annual operating profit.
The South Korean firm estimated its first-quarter sales at
53 trillion won, compared with a market forecast of 54.58
($1 = 1055.4000 Korean Won)
(Reporting by Se Young Lee; Editing by Paul Tait)