FILE PHOTO: The logo of Samsung Electronics is seen at its booth during The 26th Semiconductor Exhibition 2024 in Seoul, South Korea, October 23, 2024. REUTERS/Kim Hong-Ji/File Photo
SEOUL: Samsung Electronics reported on Wednesday a small rise in first-quarter operating profit, as customers concerned about U.S. tariffs rushed to purchase smartphones and commodity chips, mitigating the impact of its underperforming artificial intelligence chip business.
Samsung did not give its earnings outlook for the current quarter, saying "growing macroeconomic uncertainties due to recent global trade tensions and slowing global economic growth" make "it difficult to predict future performance."
The world's largest memory chip maker reported 6.7 trillion won ($4.68 billion) in operating profit for the quarter ended in March, up 1.2% from a year earlier and in line with its earlier estimate of 6.6 trillion won.
Revenue rose 10% to 79.1 trillion won in the January-to-March period, in line with its earlier estimate of 79 trillion won. - Reuters
