Samsung Releases Q2 Earnings Estimates

Early in the morning on July 8th, Samsung Electronics released guidance for the second quarter of 2014.

The company's sales estimates are down approximately three percent from the previous quarter and approximately 10 percent from the same quarter last year. The estimates for operating profits have also taken a hit, down over 15 percent from the previous quarter and 24 percent from the same quarter last year. The company's estimate is well below the mean estimate among analysts of 8.3 trillion, according to Thomas Reuters

.