SEOUL, April 7 (Xinhua) -- Samsung Electronics, South Korea's tech behemoth, saw its first-quarter operating profit beat market expectations, regulatory filing data showed Tuesday.
Operating profit amounted to 6.4 trillion won (5.2 billion U.S. dollars) in the January-March quarter, up 2.7 percent from a year earlier. It was down 10.6 percent from the previous quarter.
Revenue grew 4.9 percent over the year to 55 trillion won (44.9 billion U.S. dollars) in the first quarter, but it declined 8.1 percent compared with the prior quarter.
The ratio of operating profit to revenue stood at 11.6 percent in the quarter, marking the lowest in over three years since the third quarter of 2016.
The first-quarter earnings beat market consensus of about 6 trillion won (4.9 billion U.S. dollars) for operating profit and 54.7 trillion won (44.7 billion U.S. dollars) for revenue.
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