Market News / Story
Samsung Q3 profit seen surging nearly nine-fold as AI chip demand soars
Seeking Alpha ·
Seeking Alpha reports: Samsung Electronics estimates a nearly nine-fold year-over-year increase in quarterly operating profit, but the record result still fell short of lofty expectations. The world’s largest memory chipmaker posted a preliminary operating profit of 107.4T won ($80.1B) for the quarter ended September, a record for the company. However, the result came in below the average analyst estimate, as per Bloomberg. Consolidated sales are estimated around 195T won, also missing…