Samsung’s third-quarter profit more than doubles, beating estimates as chip recovery gathers pace

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Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter on a rebound in its chip business.

Here are Samsung’s third-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:

The South Korean technology giant’s quarterly revenue was up 8.85% from a year earlier, while its first-quarter operating profit climbed 32.9% year-over-year.

Samsung shares popped over 5% in early trading in Asia.