SEOUL -- Samsung Electronics' earnings plunged more than 60% in the first quarter from a year ago, as sinking prices for display panels and memory chips dealt a blow to the global supplier.
Operating profit tumbled 60.4% to 6.2 trillion won ($5.5 billion) for the January-March quarter, the South Korean company said on Friday, a far larger drop than market estimates of 7.8 trillion won. Revenue slid 14.1% to 52 trillion won.
