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Samsung News Byte: Welcome to Apple's World: Samsung Tumbles Despite Record $8.3 Billion Q2 Profit

wochit technology
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July 05, 2013 AT 12:21 PM
Samsung shares tumbled almost 4% as the company announced record second-quarter earnings that still missed analysts' sky-high consensus. The South Korean consumer electronics giant estimates that second-quarter 2013 profit came in at a record-high $8.3 billion on $50 billion in revenue, but analysts were looking for a quarterly profit of more than $8.9 billion.