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Samsung Electronics Third-Quarter Profit Guidance Beats Estimates


Ron Burgundy
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Picture illustration shows Samsung's logo reflected in a person's eye, in central Bosnian town of ZenicaSamsung Electronics Co Ltd said on Wednesday its July-September operating profit likely leapt 79.8 percent from a year earlier, beating expectations and pushing the South Korean tech giant's share price sharply higher. Samsung, in a regulatory filing, estimated its third-quarter profit at 7.3 trillion won ($6.29 billion), its first quarterly profit gain in two years and its biggest since the first quarter of 2014. This compared with a 6.7 trillion won profit tipped by a Thomson Reuters SmartEstimate poll of 30 analysts.




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