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Samsung profit tops analyst estimates Bloomberg29 April 2021 Subscribe Samsung Electronics Co beat analyst estimates for profit in the first quarter, but warned of continued fallout from semiconductor shortages as the global economy recovers from the Covid-19 pandemic. South Korea’s largest company reported net income of 7.1 trillion won ($6.4 billion) for the three months ended March, beating the 6.7 trillion won average of estimates compiled by Bloomberg. Revenue rose 18% for the period. The Suwon-based conglomerate has been riding a boom in stay-at-home demand for smartphones, PCs, home appliances and cloud services. But Samsung lost out on chip sales when a factory in Austin, Texas, was knocked offline, exacerbating shortages that have hit companies around the world.

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