[
THE INVESTOR]
Samsung Electronics (005930) reported on Oct. 12 that it has revised its operating profit estimate for the third quarter down to 5.2 trillion won(US$ 4.6 billion).
The South Korean tech giant had previously estimated that its operating profit for the July-September period may stand at 7.8 trillion won.
This comes after the official suspension of its Galaxy Note 7 production on Oct. 11.
Compared with a year ago, the revised estimate of third-quarter operating profit plunged 29.63 percent.
Samsung also revised down its third-quarter sales estimate to 47 trillion won.
(
theinvestor@heraldcorp.com)
