SEOUL— Samsung Electronics Co. ’s expectations for its third-quarter earnings provided some enthusiasm that the beleaguered global tech supply chain could be nearing a rebound. Samsung, the world’s largest producer of memory chips and smartphones, said it expects a third-quarter operating profit of 7.7 trillion South Korean won ($6.4 billion). The South Korean tech giant expects revenue will fall 5.3% to 62 trillion won year-over-year. Operating profit peaked at 17.6 trillion won in the year-earlier third quarter. Investor optimism for Samsung and other global tech manufacturers suggest potentially better days ahead.

Source: Wall Street Journal October 08, 2019 00:07 UTC