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via finance.yahoo.comTech & AI

Samsung Q3 profit surges to record high but misses lofty expectations

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com-- Samsung Electronics Co Ltd (KS:005930) forecast its strongest ever third-quarter profit on Thursday amid robust AI-fueled demand for memory chips, although the print still came in a shade below the higher end of market expectations. Before you buy NVIDIA: our AI…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishSamsung posts record Q3 operating profit of 107.4 trillion won but slightly misses Bloomberg forecast of 108.67 trillion won.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Samsung announced preliminary operating profit of 107.40 trillion won ($80.1 billion) for Q3, nearly tenfold from year ago.
  2. 02The figure slightly missed Bloomberg forecasts of 108.67 trillion won but came in above LSEG estimates of 106.1 trillion won.
  3. 03Third quarter sales more than doubled to 195 trillion won from 86.06 trillion won year-on-year.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Samsung Electronics Co., Ltd.005930.KOStock265,000.00 KRW-1.12%today -1.30%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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