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Samsung Electronics first-quarter operating profit dips 3 percent, in line with guidance


SEOUL (Reuters) – South Koreas Samsung Electronics Co Ltd on Tuesday reported a 3.3 percent fall in first quarter operating profit, broadly in line with earlier guidance, as returns weakened in its mainstay smartphone business. The worlds biggest manufacturer of smartphones booked a January-March operating profit of 8.5 trillion Korean won ($8.2 billion), compared with guidance of 8.4 trillion won. Operating profit in its mobile division fell to 6.43 trillion from 6.51 trillion won in the year prior and 5.47 trillion won in the previous quarter. …

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