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

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

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

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.

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below