Samsung Elec says Q3 operating profit likely nearly tripled from yr ago

From Reuters - October 12, 2017

SEOUL, Oct 13 (Reuters) - Tech giant Samsung Electronics Co Ltd 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.


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