SEOUL, South Korea (AP) -- Samsung Electronics Co. says its first-quarter operating income likely declined 31 percent over a year earlier.
The company's earnings preview Tuesday put its January-March operating profit at 5.9 trillion won ($5.4 billion).
That was higher than analysts' consensus of 5.5 trillion won according to financial data provider FactSet.
Samsung estimated that its sales fell 12 percent to 47 trillion won ($43 billion) during the quarter.
The company's operating profit was an improvement from the previous two quarters when its mobile business that accounts for two-thirds of Samsung's income suffered from a slowdown in sales.
Analysts expect a recovery in Samsung's bottom line in the current quarter as the company is set to launch the latest version of its flagship smartphone, the Galaxy S6, this week.