SEOUL (Reuters) – Samsung Electronics Co Ltd <005930.KS> said on Tuesday second-quarter operating profit likely rose 23% as solid chip sales to data centres bulking up in a work-from-home economy during the pandemic offset weak demand for smartphones and TVs.
The South Korean tech giant said operating profit was likely 8.1 trillion won ($6.80 billion) in the quarter ended June, far above the 6.4 trillion won analyst forecast by Refinitiv SmartEstimate.
Revenue likely fell 7% to 52 trillion won from a year earlier, the company said.
The firm is expected to release detailed earnings later this month.
(Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Richard Pullin)
