Electronista

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updated 08:59 PM EDT 04.25.13
Samsung posts slight profit drop to $7.9 billion, still beats street
Samsung Electronics today announced quarterly revenues of 52.87 trillion won ($47.6 billion) for the first quarter ended March 31 -- a six percent decrease from the previous quarter. Consolidated operating profit for the quarter reached 8.78 trillion won ($7.9 billion), representing a one percent decline quarter-over-quarter. Samsung estimates revenues would hit 52 trillion won ($46.8 billion) with operating profit of 8.7 trillion won ($7.8 billion) in this last quarter.