Wednesday, July 11, 2007

Samsung shares up on Q2 hopes

(Reuters) - "The second-quarter earnings will be poor, but it will at least meet the consensus expectation," said Park Suk-hyun, an analyst at Kyobo Securities. "Some had worried the results would come in worse. Also, the outlook for the second half is improving."




Samsung, the most valuable technology company outside the United States, is expected to report a net profit of 1.29 trillion won in the second quarter from 1.51 trillion a year ago, according to a Reuters poll of 10 analysts.


Read more at Reuters.com Hot Stocks News

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