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Samsung expects third-quarter operating profit to sink 78% on year

Por: MarketWatch Business October 11, 2023

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The company’s operating profit estimate was below the FactSet-compiled market consensus forecast of KRW2.826 trillion for the September quarter. Revenue is expected to drop 13% on year to KRW67 trillion for the third quarter, Samsung said. The world’s largest manufacturer of memory chips, smartphones and televisions is seen as still reeling from the global tech-industry downturn that weighs heavily on its once cash-cow semiconductor segment,... + full article



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