Earnings: Samsung Profits Surge On Handset Sales, LCDs; Misses Expectations


Samsung Electronics reported second quarter net income of 2.14 trillion won ($2.1 billion) up from 1.42 trillion won ($1.4 billion) a year ago. The 51 percent jump was boosted by handset sales as well as liquid crystal displays. Sales, meanwhile, rose 24 percent to 18.14 trillion won ($18 billion). Still, the company missed analyst forecasts, which estimated profits of 2.36 trillion won ($2.33 billion).

Highlights from Samsung

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