Samsung stock price jumps over 5% after Q3 earnings. Here are 5 key highlights
Samsung Electronics stock price jumped over 5% in South Korea after the company reported a strong growth in its third quarter net profit led by its chip business. Samsung share price rallied as much as 5.27% to a fresh 52-week high of 105,800 won. Samsung Electronics is South Korea’s largest company with a market capitalization of over 655.2 trillion won.
Samsung Electronics’ operating profit more than doubled from the previous quarter which was weighed down by a sharp slump in the company’s chip business.
Here are key highlights from Samsung Q3 earnings:
Samsung Q3 Earnings Highlights
Operating Profit: Samsung reported a 32.5% year-on-year (YoY) jump in operating profit to 12.2 trillion won for the third quarter led by a rebound in…
