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Samsung Elec says Q3 operating profit likely nearly tripled from yr ago
October 12, 2017 / 11:40 PM / in 2 months

Samsung Elec says Q3 operating profit likely nearly tripled from yr ago

SEOUL, Oct 13 (Reuters) - Tech giant Samsung Electronics Co Ltd estimated on Friday its third-quarter operating profit nearly tripled from a year earlier, beating expectations as strong memory chip prices likely padded margins.

Samsung said its July-September profit was likely 14.5 trillion won ($12.81 billion), compared with an average forecast of 14.3 trillion won from a Thomson Reuters survey of 20 analysts.

Revenue likely rose 29.7 percent from a year earlier to 62 trillion won, Samsung said in a regulatory filing.

The South Korean company did not elaborate on its performance and will disclose detailed earnings in late October. ($1 = 1,131.8900 won) (Reporting by Joyce Lee; Editing by Stephen Coates)

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