Samsung beats estimates due to increasing smartphone demand

Jamie McKane

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Samsung beats estimates due to increasing smartphone demand

Samsung Electronics Co. posted earnings that handily beat analyst estimates as stronger smartphone demand offset price declines in the memory chip business.

Operating income was 7.7 trillion won ($6.4 billion) in the three months ended September, compared with the 6.97 trillion won analysts had forecast, according to estimates compiled by Bloomberg.

[Bloomberg]
 
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