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Samsung Electronics shares rose 1.7% in pre-market trading after the company issued third-quarter results guidance. South Korea's Samsung Electronics estimated on Thursday that operating profit for the third quarter will surge nearly eight times over the same period last year, exceeding analysts' expectations. This is mainly due to the surge in demand for artificial intelligence chips driving strong profits in the memory business. According to regulatory documents, Samsung Electronics estimates operating profit of 107.4 trillion won from July to September.
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Samsung Electronics shares rose 1.7% in pre-market trading after the company issued third-quarter results guidance. South Korea's Samsung Electronics estimated on Thursday that operating profit for the third quarter will surge nearly eight times over the same period last year, exceeding analysts' expectations. This is mainly due to the surge in demand for artificial intelligence chips driving strong profits in the memory business. According to regulatory documents, Samsung Electronics estimates operating profit of 107.4 trillion won from July to September.
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