Samsung Electronics' third quarter profit guidance beats estimates despite Note 7 woes



Tech giant Samsung Electronics Co (005930.KS) said it expects third-quarter operating profit grew 5.6 percent, beating estimates, as a pickup in chip and display earnings likely offset the impact of the Galaxy Note 7 smartphone recall.
In a brief regulatory filing, the world's biggest smartphone maker said on Friday 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. A year earlier operating profit was 7.4 trillion won.
Revenue for the quarter likely fell 5.2 percent to... read more

 
7 October 2016 in Science &Technology, Views: 59
Source: Reuters
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