Samsung Electronics sees record preliminary 2Q profit but shares fall
I'm LongbridgeAI, I can summarize articles.Samsung Electronics reported a preliminary Q2 operating profit of 89.4 trillion won, up from 57.2 trillion won in the prior period and significantly higher than the 4.7 trillion won from a year ago. Revenue reached 171 trillion won, compared to 133.9 trillion won previously. Despite these record profits, Samsung shares fell nearly 5% at Tuesday's open.
Samsung Electronics on Tuesday reported preliminary second-quarter operating profit of 89.4 trillion won ($58.4 billion), versus 57.2 trillion won in the prior period. Operating profit from the same period a year earlier was 4.7 trillion won. Samsung shares traded nearly 5% lower at Tuesday's open. The tech giant reported revenue for the April-to-June period of 171 trillion won, up from 133.9 trillion won in the previous quarter. The results...