"The second quarter sales are likely to grow 13 percent on-year to around 57.6 trillion won as operating profits are expected to be 12.1 trillion won, up 49 percent", Lee said. It also marks a 7.4 percent rise from the previous quarter.
Samsung expects sales to reach 50 trillion won for the first quarter between January and March, while analysts predict that the company's operating profit in the second quarter will reach a record high.
The strong guidance failed to shore up investor's confidence in the firm, however, as shares in Samsung fell nearly 1 percent in early trading. Samsung Electronics said Friday, April 7, 2017 its first-quarter profit jumped 48 percent likely due to smartphone component s.
Mr Lee's case is "one of the most deep-rooted and typical cases involving unhealthy relations between politicians and businessmen", said Special Prosecutor Park Young-Soo in his opening statement in Seoul's Central District Court. The prosecution is trying to determine whether the donations were given as bribes in exchange for government support for the company's bid to enter the lucrative duty-free business.
The company has had a rough time of it recently.
Pearl Jam is inducted into Rock Hall
The band has remained a top concert attraction worldwide and had a successful concert at the Mall of Asia Arena last February. She was inducted by Jackson Browne, who said the first album he bought with his own money was Baez's second album.
The forecast will come as welcome news to the South Korean giant after a torrid period in which it had to ditch its flagship Galaxy Note 7 after several battery fires.
The company's de-facto leader, Lee Jae-yong, made his first appearance in court at his trial on corruption charges Friday. The refurbished variant of last year's Galaxy Note 7 will carry the model number SM-N935 and it will arrive to a number of markets, but not the US. While there might be some expected cause for concern, the new batteries have undoubtedly undergone Samsung's latest gamut of quality tests to ensure safety for its consumers.
At its unveiling in NY last month, the large-screened Galaxy S8, which incorporates a native virtual assistant, won widespread praise. That display may also make its way onto Apple's next iPhone later this year, with the company reported to have placed an order for about 160 million OLED panels from Samsung Display.
The quarterly earnings preview show that how Samsung's business is booming while its stock trade near historic highs, despite unprecedented crises in recent months.