Samsung Elec cuts Q3 operating profit guidance on Note 7 impact

Samsung, in a regulatory filing, also cut its July-September revenue estimate to 47 trillion won from the 49 trillion won it guided for last week.

October 13, 2016 / 08:09 IST

Samsung Electronics Co Ltd on Wednesday cut its third-quarter operating profit guidance to 5.2 trillion won (USD 4.66 billion) from 7.8 trillion won due to the impact of pulling its Galaxy Note 7 smartphones off the market.

Samsung, in a regulatory filing, also cut its July-September revenue estimate to 47 trillion won from the 49 trillion won it guided for last week.

first published: Oct 12, 2016 01:00 pm

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