Samsung Electronics Q3 guidance tops analyst estimates

Reuters

SEOUL, Oct 4 (Reuters) - Samsung Electronics Co Ltd estimated its July-September operating profit rose25 percent to a record 10.1 trillion won ($9.40 billion) as astrong recovery in memory chip sales countered weakeningearnings growth at its mobile devices business.

The guidance, released ahead of full quarterly results dueto be announced by Oct. 25, was better than an average forecastof 9.96 trillion won by 34 analysts polled by Thomson ReutersI/B/E/S.

The South Korean firm estimated its third-quarter sales at59 trillion won, versus a market forecast of 60 trillion won.

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