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Old 10th July 2016, 15:17   #1
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Default Samsung beats Wall Street

While its rivals, like Apple, are suffering, Samsung is doing rather well – in fact much better than the cocaine nose-jobs of Wall Street have predicted.

Samsung Electronics posted $7.57 billion in operating profit in the three months to June, up 17.4 percent from a year earlier, thanks mostly to its flagship handset Galaxy S7.

In its earnings guidance, the company said its sales were up 3.01 percent from a year ago. The electronics giant will unveil a breakdown of its divisional performances later this month.

Its operating profit is the largest in about two years and beats what Wall Street had expected.

This is the first time that Samsung's quarterly operating profit topped $7 billion since the first quarter of 2014.

http://fudzilla.com/news/41062-samsu...ts-wall-street
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