Samsung smashes profit expectations with Q3 surge driven by chip rebound

Samsung just ripped through Wall Street’s estimates with a massive third-quarter profit jump, powered by a recovery in chips. The company reported 12. 2 trillion Korean won in operating profit for Q3, more than double the previous quarter’s figure. Revenue hit 86. 1 trillion won, beating the 85. 93 trillion forecast from LSEG SmartEstimate. Samsung also crushed its […] source: https://www.cryptopolitan.com/samsung-smashes-profit-expectations-in-q3/