October 6, 2015 / 11:50 PM / in 3 years

Samsung Electronics says third-quarter profit likely up 79.8 percent, beating expectations

SEOUL (Reuters) - South Korean tech giant Samsung Electronics Co Ltd said on Wednesday its July-September operating profit likely leapt 79.8 percent from a year earlier, beating expectations and marking its first quarterly profit growth in eight quarters.

A picture illustration shows Samsung's logo reflected in a person's eye, in central Bosnian town of Zenica, March 13, 2015. REUTERS/Dado Ruvic

Samsung, in a regulatory filing, estimated its third-quarter profit at 7.3 trillion won ($6.29 billion), compared with 6.7 trillion won tipped by a Thomson Reuters SmartEstimate poll of 30 analysts. The firm reported a 4.1 trillion won profit a year earlier.

Samsung also expects its third-quarter revenue to have risen 7.5 percent from a year earlier to 51 trillion won. The firm will disclose full results in late October.

Reporting by Se Young Lee; Editing by Stephen Coates

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