Samsung Electronics Q3 earnings beat expectations

Samsung Electronics' Seocho office [YONHAP]

Samsung Electronics beat market expectations in its third-quarter preliminary earnings report, logging 2.4 trillion won ($1.79 billion) in operating profit during the July-to-September period this year, signaling the start of a recovery from the global oversupply of chips.
 
The figure was still, however, 77.9 percent down from a year ago.
 
The market expected the Korean chipmaker to post 2.1 trillion won of operating profit, according to figures compiled by FnGuide.
 
Samsung Electronics posted a 12.7 percent fall in third-quarter revenue, posting 67 trillion won.
 
The market expected 67.9 trillion won for the revenue. 
 
 
 
 

BY JIN EUN-SOO [jin.eunsoo@joongang.co.kr]