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Samsung Electronics cuts third quarter operating profit guidance on Note 7 impact
October 12, 2016 / 7:16 AM / a year ago

Samsung Electronics cuts third quarter operating profit guidance on Note 7 impact

SEOUL (Reuters) - Samsung Electronics Co Ltd (005930.KS) on Wednesday cut its third-quarter operating profit guidance to 5.2 trillion won ($4.66 billion) from 7.8 trillion won due to the impact of pulling its Galaxy Note 7 smartphones off the market.

Signage is seen at the Samsung 837 store in the Meatpacking District of Manhattan, New York, U.S., October 10, 2016. REUTERS/Andrew Kelly

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.

Reporting by Se Young Lee; Editing by Lincoln Feast

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