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SEOUL (Yonhap News) -- Samsung Electronics Co., the world's biggest maker of computer memory chips and the No. 2 mobile-phone maker, estimated Friday that it had logged an operating profit of 4.2 trillion won ($3.49 billion) in the third quarter.
The preliminary estimate for the July-September period marks a 13.6 percent decline from an operating profit of 4.86 trillion won one year ago, Samsung said in a regulatory filing.
The guidance beat the median market forecast. Samsung was expected to report an operating income of 3.35 trillion won in the three-month period.
Its third-quarter sales rose 1.9 percent on-year to 41 trillion won, said the company, which did not announce an estimate of its net income.
Samsung, the world's largest supplier of liquid crystal display (LCD) panels and TVs, is scheduled to release detailed results later this month.
