Samsung posts Q1 operating profit of US$ 4.5 bil.

Samsung Electronics, in its earnings guidance on Tuesday, estimated a first quarter operating profit of 6-point-6 trillion Korean won or roughly 4-point-5 billion U.S. dollars.

The figure beats market expectations of around 3-point-5 billion dollars, thanks to strong sales of the tech giant's latest flagship smartphones, despite being down point-1-5 percent from a year earlier.

The market had projected weaker earnings due to delayed shipments of its fifth-gen HBM chips and falling memory prices, but brisk sales of the Galaxy S25, launched in February, pushed results well above forecasts.

Revenue rose nearly 10 percent on-year to 79 trillion won or around 54 billion dollars, close to the all-time high of 79-point-1 trillion won posted in the third quarter of last year.