Samsung Electronics warned that its second-quarter operating profit will likely miss analyst expectations, but issued an optimistic outlook for the third quarter. Samsung said it estimates its operating profit at 7.2 trillion won, or $7.1 billion, in the quarter, a 24% year-over-year drop. That's below analyst expectations according to Reuters, and marks its third straight quarter of declines. But looking ahead, Samsung says its new smartphone lineup and lower marketing expenditures should lead to a more positive outlook in the third quarter. The company's full quarterly results are expected later this month.

If you liked this article you might like

Koch Brothers to Hold Shindig for GOP Contenders

Koch Brothers to Hold Shindig for GOP Contenders

GOP Presidential Hopefuls to Seek Support at Koch Brothers Event

GOP Presidential Hopefuls to Seek Support at Koch Brothers Event

Apple Eyes New TV Set-Top Box For This Fall

Apple Eyes New TV Set-Top Box For This Fall

Apple Reportedly Readying New Apple TV Set-Top Box For This Fall

Apple Reportedly Readying New Apple TV Set-Top Box For This Fall

Microsoft: Windows 10 Now on 14 Million Devices Just Days After Release

Microsoft: Windows 10 Now on 14 Million Devices Just Days After Release