Samsung Electronics says third quarter operating profit likely rose 5.6 percent year on year

Samsung Electronics says third quarter operating profit likely rose 5.6 percent year on year
 

Samsung Electronics Co said it expects third-quarter operating profit rose 5.6 percent, beating estimates, as a pickup in chip and display business likely offset the impact of a global recall of its Galaxy Note 7 smartphone.
The world's biggest smartphone maker said on Friday in a brief regulatory filing July-September profit was likely 7.8 trillion won ($7 billion), compared with the 7.4 trillion won tipped by a Thomson Reuters StarMine SmartEstimate of analysts' forecasts, and the 7.4 trillion won it reported a year earlier.
Revenue for the quarter likely fell 5.2 percent to 49 trillion... read more

 
7 October 2016 in Business, Views: 42
Source: Reuters
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