Samsung Elec beats first-quarter estimates, braces for bigger blow from coronavirus
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SEOUL (Reuters) - Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs. The South Korean tech giant is bracing for a bigger hit from the coronavirus which has led to a series of suspensions of factories and retail stores in Europe, India and the United States. Samsung said operating profit was expected to be 6.4..