iOS app Android app More

Samsung reports record-high profit for 3Q

stumbleupon: Samsung reports record-high profit for 3Q   digg: US Works With Sudan Government Suspected Of Aiding Genocide   reddit: Samsung reports record-high profit for 3Q   del.icio.us: Samsung reports record-high profit for 3Q

October 3, 2013 08:07 PM EST | AP


SEOUL, South Korea — SEOUL, South Korea (AP) — Samsung Electronics says its operating profit for the July-September quarter rose to another record-high.

The South Korean company said in its Friday earnings preview that its third-quarter operating income rose 25 percent over a year earlier to 10.1 trillion won ($9.4 billion).

The result is slightly higher than the market consensus of $9.3 billion, according to FactSet, a financial data provider.

The maker of Galaxy smartphones said the third-quarter sales increased 13 percent to a record-high of 59 trillion won ($55 billion).

Samsung did not disclose net income or details of its financial performance. Its full results will be announced later this month.

But analysts said robust sales of mid- to low-end smartphones and improved profit from semiconductor businesses were behind another record-high quarter.