While Samsung's profit in the third quarter fell 56% compared to the same period a year ago, and rose 18% from the previous quarter.
Key Points
But that number ticked up almost 18% from the previous quarter and beat the company's own guidance from earlier this month. A Samsung Electronics Co. corporate flag flies outside the company's Seocho office building in Seoul, South Korea, on Wednesday, Feb. 7, 2018.In a challenging environment for chipmakers, Samsung Electronics on Thursday said its operating profit for the three months ending in September fell 56% versus the same period a year ago.But, that number ticked up almost 18% from the previous quarter.
Mobile displays are predicted to report weaker results next quarter as "demand falls short of initial expectations for certain premium smartphones and costs increase due to lower utilization in some production lines," Samsung said. Fourth-quarter earnings for the mobile business is set to decrease from the third quarter due to rising marketing costs and a decline in smartphone shipments, the company added.
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