News Summary: Samsung sees record 2Q profit

By The Associated Press
THE OUTLOOK: Samsung Electronics Co. expects second-quarter operating profit at $5.7 billion to $6.1 billion, a 79 percent jump from a year earlier based on the midpoint of that range.
THE IMPETUS: Analysts say the sharp rise in operating profit was driven by Galaxy smartphone sales.
THE REACTION: Shares fell Friday as lower-than-expected overall sales underlined the threat from Europe's economic malaise.
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