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Samsung Electronics posts record Q3 profit; warns of weaker earnings ahead

The world's biggest maker of memory chips and smartphones said operating profit rose 21% from a year ago to $15.5 billion in the July-September period

Reuters  |  Seoul 

Samsung Electronics Co Ltd forecast weaker earnings on Wednesday as it posted record operating profit in the third quarter, meeting expectations thanks to sales of semiconductors to data centres and higher production yields. The South Korean technology giant said it expected a quarter-on-quarter earnings decline in the fourth quarter as the memory chip market entered a period of seasonal weakness ahead of a pick-up in 2019. The world's biggest maker of memory chips and smartphones said operating profit rose 21 percent from a year ago to 17.6 trillion won ($15.5 billion) in ...

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First Published: Wed, October 31 2018. 08:29 IST
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