Samsung issued pre-earnings guidance on Friday indicating it will beat profit estimates set by the Street for the third quarter thanks to strong demand for its smartphones. The South Korea-based company said its operating profit for the three month period ending this September will total roughly 4.2 trillion won ($3.6 billion), which bested estimates from a group of 28 analysts who collectively thought Samsung's profit slide in at 3.7 trillion won.
Boy Genius Report
See also:
gadgetsblog, Samsung beats Q3 estimates on strong smartphone sales
