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Samsung Forecasts Highest Quarterly Profit in Two Years

By Wayne Ma
· · Source: The Wall Street Journal

Samsung, the South Korean smartphone and memory chip supplier, has forecast operating profits of 12.3 trillion South Korean won ($10.65 billion) for the third quarter of this year, The Wall Street Journal reported. That already beats an average analyst forecast of around 10.1 trillion won, the newspaper said. Samsung’s full earnings for the third quarter will be released at the end of this...

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The Briefing
Digital Ad Market Rebounds Strongly: The Information’s Tech Briefing
By The Information Staff · Oct. 29, 2020 5:31 PM PDT
Digital Ad Market Rebounds Strongly: The Information’s Tech Briefing

The digital ad market rebounded surprisingly strongly in the third quarter, a cavalcade of earnings results today showed. The results confirm earlier indications that marketers regained confidence over the summer after slashing spending when the pandemic crisis first began. The question now is whether the new surge in Covid cases will cause another pullback.

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