On Tuesday, Samsung Electronics reported a third-quarter net income of 5.84 trillion won (US$4.3 billion), a decrease of 37.8% from the same period in the previous year. Operating profit for the July-September period was 2.43 trillion won, down 77.6% year-on-year, according to a regulatory filing. Sales also decreased by 12.2%, coming in at 67.4 trillion won.
The operating profit was 32.6% higher than the average forecast, as per a survey by Yonhap Infomax, a financial data firm affiliated with Yonhap News Agency. The net profit forecast was not available.
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