SEOUL — Samsung Electronics’ operating profit rose to 6.6 trillion won ($4.5 billion) in the first quarter, up 1.7% from the previous three months, but U.S. President Donald Trump’s recent tariffs and threats of more could hurt the South Korean giant’s semiconductor and smartphone businesses.
The company said in its earnings guidance that revenue during the period increased 4.2% to 79 trillion won. Year-on-year, its operating profit dropped 0.2%, while revenue jumped 9.8%.
