Samsung Electronics says Q2 2016 was better than expected

Samsung Electronics posted its earning guidance for Q2 2016 - and results are better than expected. Samsung says that revenues rose 3% from a year ago, and profit jumped 17% higher.

According to analysts, sales of Galaxy S7 and S7 edge phones have been better than expected, and the new phones has higher profit margins compared to Samsung's previous generation flagships. Some estimate that Samsung sold more S7 edge phones than regular S7 phones - and the edge variants have higher margins.