Samsung Electronics estimates $80.3 bil. in Q3 operating profit

Samsung Electronics on Thursday estimated 107.4 trillion won ($80.3 billion) in operating profit and 195 trillion won in sales in its third-quarter earnings guidance. If the figures are finalized when the company announces its full earnings results later this month, they would represent year-on-year increases of 782.5 percent in operating profit and 126.6 percent in sales. This is the first time that a Korean company to post over 100 trillion won in operating profit in a three-month period. The brokerage consensus for the period stood at 106.64 trillion won in operating profit and 200.64 trillion won in sales.