BREAKING NEWS

BREAKING NEWS

Samsung Electronics says third-quarter operating profit likely nearly tripled from year ago

Now Reading:

Samsung Electronics says third-quarter operating profit likely nearly tripled from year ago

Text size Aa Aa

SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd <005930.KS> estimated on Friday its third-quarter operating profit nearly tripled from a year earlier, beating expectations as strong memory chip prices likely padded margins. Samsung said its July-September profit was likely 14.5 trillion won ($12.81 billion), compared with an average forecast of 14.3 trillion won from a Thomson Reuters survey of 20 analysts. Revenue likely rose 29.7 percent from a year earlier to 62 trillion won, Samsung said in a regulatory filing. The South Korean company did not elaborate on its performance and will disclose detailed earnings in late October.

(Reporting by Joyce Lee; Editing by Stephen Coates)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.