Samsung Electronics says second quarter operating profit likely rose 5.2 percent year-on-year

SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday said its second-quarter operating profit likely rose 5.2 percent from a year earlier, missing analyst estimates.

FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS/Kim Hong-Ji/File Photo

Its sluggish mobile business pressured strong margins from its chip sales, analysts have said.

Samsung, in a regulatory filing, said April-June profit was likely 14.8 trillion won ($13.2 billion), below the 14.9 trillion won average of 18 analyst estimates in a Thomson Reuters poll.

Revenue likely fell 4.9 percent from a year earlier to 58 trillion won.

The firm did not elaborate on its performance and will disclose detailed earnings in late July.

Reporting by Ju-min Park and Heekyong Yang; Editing by Stephen Coates

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