Samsung Electronics says first-quarter profit likely rose 3%, beating estimates

SEOUL (Reuters) - Samsung Electronics Co Ltd said on Tuesday its first-quarter operating profit likely rose 3% from a year earlier, slightly beating analysts' forecasts as chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs. Samsung said operating profit was expected to be 6.4 trillion won ($5.2 billion) in the quarter ended March, compared with 6.2 trillion won a year ago and the 6.2 trillion won estimate from analysts according to Refinitiv..