Samsung Sees Rise in Operating Profit

Updated from 12:09 a.m. EDT

SEOUL, South Korea -- Samsung Electronics announced quarterly earnings estimates for the first time, saying it hopes to reduce market confusion and speculation about its performance.

The Suwon, South Korea-based corporation said it expects to record consolidated sales of between 31 trillion won ($24.46 billion) and 33 trillion won for the three months ended June 30.

The company, the world's biggest manufacturer of memory chips and second-largest maker of mobile phones, estimated operating profit would come it at between 2.2 trillion won and 2.6 trillion won. ...