Samsung Reports 8 Percent Drop In 2q Profit

SEOUL, South Korea (AP) — Samsung Electronics says its quarterly earnings fell 8 percent over a year earlier. The company said Thursday its April-June net income was 5.8 trillion won ($5 billion), compared with 6.3 trillion won a year earlier. A FactSet survey of analysts predicted 5.6 trillion won of net income. Sales fell 7 percent to 48.5 trillion won while operating income dropped 4 percent to 6.9 trillion won, in line with its earnings preview earlier this month. A robust performance at its semiconductor department narrowed a profit decline.

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