SEOUL, South Korea (AP) — Samsung Electronics says its second-quarter earnings rose 2 percent over a year earlier.
The South Korean tech giant said Tuesday that its April-June net income stood at 10.98 trillion won ($9.8 billion), compared with 10.80 trillion won a year earlier.
The result fell short of the analyst consensus of 11.14 trillion won, according to financial data provider FactSet.
Sales fell 4 percent to 58.48 trillion won ($52.3 billion) while operating income advanced 6 percent to 14.87 trillion won ($13.3 billion).
The latest results indicate an end to Samsung's streak of record-breaking financial results.
Samsung said sales of Galaxy S9 smartphones slowed while its flagship memory chip business continued to post a robust result.
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