(MENAFN- AFP) Samsung Electronics said Tuesday its estimated first quarter operating profit was 8.4 trillion won (7.96 billion dollars), meeting market expectations.
Analysts had forecast the world's largest mobile phone maker's operating profit for the January-March period would be somewhere between 8.14 and 8.63 trillion won.
The figure was down 4.3 percent from 8.78 trillion won for the first quarter of 2013.
But compared with the September-December period of 2013, it marked a 1.08 percent increase.
First-quarter sales were estimated at 53 trillion won, up 0.24 percent from the 52.87 trillion won a year earlier, according to the company's earnings guidance.
Samsung, the world's leading smartphone and memory chip maker, plans to announce its fixed first-quarter earnings later this month.
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