SEOUL (Reuters) – Samsung Electronics estimated on Tuesday a 274% jump in third-quarter operating profit but missed analyst estimates, as it struggled to capitalise on strong demand for chips used in artificial intelligence servers.
The world’s largest memory chip, smartphone and TV maker estimated an operating profit of 9.1 trillion won ($6.78 billion) for the three months ended Sept. 30, versus a 10.3 trillion won LSEG SmartEstimate.
($1 = 1,342.3700 won)
(Reporting by Hyunjoo Jin, Joyce Lee and Heekyong Yang; Editing by Christopher Cushing)
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