10/7/2022, 3:46 AM (Source: TeleTrader)
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Samsung sees Q3 operating profit fall 31.7%

Samsung Electronics Co. Ltd. announced in its third-quarter earnings guidance on Friday that its operating profit is expected to drop 31.7% from the same period in 2021 and stand at around 10.8 trillion won ($7.7 billion).

Meanwhile, sales are forecast to land at 76 trillion won ($53.8 billion), up 2.7% compared to the third fiscal period last year. Both the operating profit and revenue figures came in under market estimates.

Baha Breaking News (BBN) / DJ