July 8, 2013 / 2:16 AM / 5 years ago

Shares of Samsung Electronics extend falls to more than 4 percent

SEOUL (Reuters) - Samsung Electronics Co Ltd’s shares extended falls to more than 4 percent after its second-quarter earnings estimates released on Friday failed to meet market forecasts, fuelling concerns about growth in its smartphone business.

A man uses his mobile phone in front of a Samsung mobile shop in Seoul July 4, 2013. REUTERS/Kim Hong-Ji

Shares in Samsung Electronics were down 4.3 percent at 1.212 million won as of 10:05 p.m. ET, after falling to as low as 1.211 million won earlier in the session, a 10-month intraday low.

Reporting by Jungyoun Park; Editing by Jacqueline Wong

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