Samsung logo at store in Shanghai. A South Korean multinational conglomerate.
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Samsung Electronics said on Tuesday that its operating profit for the three months that ended in September likely dropped by more than half from a year ago.
Operating profit for the third quarter is expected at 7.7 trillion Korean won ($6.43 billion), slightly higher than a Refinitiv Smartestimate of 7.1 trillion won, but down 56.17% from a year ago.
The company said its consolidated sales for the three months was 62 trillion won.
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