Samsung’s hot streak continues in Q1: Record $7.7B profit on $45.9B in sales

Samsung Electronics (005930) on Friday posted its earnings guidance for the first quarter of 2013. The world’s No.1 smartphone vendor continued on its warpath last quarter as operating profit climbed more than 50% to approximately $7.7 billion, handily topping analysts’ estimates and setting a new first-quarter record. Revenue for the quarter was also up from roughly $40 billion in the first quarter last year to about $45.9 billion in Q1 2013. Samsung’s audited results will be posted in the coming weeks, and the company’s full press release follows below. Samsung Electronics Announces Earnings Guidance for First Quarter 2013 (SEOUL–Korea Newswire) April 5, 2013 — Samsung Electronics Co., Ltd. today announced its earnings guidance for the first quarter of 2013. Consolidated



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