Samsung reports Q3 revenue up 8.85% YoY to ~$60.5B, vs. ~$60.4B est., and operating profit up 32.9% YoY to ~$8.57B, vs. ~$7.9B est., more than doubling from Q2 (Dylan Butts/CNBC)
PositiveArtificial Intelligence

Samsung has reported a remarkable 8.85% increase in revenue year-over-year for Q3, reaching approximately $60.5 billion, surpassing estimates. Additionally, the company's operating profit soared by 32.9% to around $8.57 billion, more than doubling from the previous quarter. This surge is largely attributed to a rebound in the chip business, which had faced significant challenges recently. This positive financial performance not only highlights Samsung's resilience but also signals a potential recovery in the tech sector, making it a noteworthy development for investors and industry watchers alike.
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