Business News

Samsung tips above-view 1Q operating profit

Curved UHD televisions are displayed at the Samsung booth at the 2014 International CES in Las Vegas, Nevada.
Justin Sullivan | Getty Images

Samsung Electronics tipped above-view operating profit for the first quarter on Tuesday, but the figures marked a sharp decline from the year-ago period amid slowing mobile sales.

The South Korean tech giant forecast operating profit of 5.9 trillion won ($5.43 billion) for the first quarter, above expectations of 5.3 trillion won in a Reuters poll but down sharply from 8.5 trillion a year earlier.

Read MoreSamsung, LG end slugfest over vandalized washing machines

Samsung forecast revenue of 47 trillion won for the January-March period, below expectations of 49.8 trillion and down from 53.7 trillion a year earlier. That marked the sixth straight quarter of revenue decline.

Official first-quarter results are due around the end of April.

Shares of Samsung rose 0.7 percent at Tuesday's open.