Samsung cuts back on capital spending after beating analyst estimates

Jamie McKane

MyBroadband Journalist
Super Moderator
Joined
Mar 2, 2016
Messages
4,253
Samsung cuts back on capital spending after beating analyst estimates

Samsung Electronics Co. posted quarterly profit that topped analyst estimates on growth in its memory chip business, but signaled caution in semiconductors by announcing a cut in capital spending for the year.

Net income rose to 13 trillion won ($11.4 billion) in the three months ended September, the Suwon, South Korea-based company said in a filing Wednesday.

[Bloomberg]
 
Top