Samsung Expects Slight Operating Profit Gain Despite Recall - News Summed Up

Samsung Expects Slight Operating Profit Gain Despite Recall


SEOUL—Samsung Electronics Co. said it expects to report a slight improvement in operating profit for the third quarter compared with a year earlier, even as the South Korean smartphone giant wrestles with a global recall of its premium Galaxy Note 7 smartphone. On Friday, Samsung said it expects to earn about 7.8 trillion Korean won ($7.0 billion) in operating profit for the three months ended Sept. 30, a 5.5% improvement from a year...


Source: Wall Street Journal October 06, 2016 23:49 UTC



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