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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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