Chip stocks fell Tuesday despite a second-quarter earnings beat by semiconductor and consumer electronics manufacturer Samsung Electronics.
Micron, Chip Stocks Fall Despite Samsung Profit Surge
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Chip stocks fell Tuesday despite a second-quarter earnings beat by semiconductor and consumer electronics manufacturer Samsung Electronics. The South Korean company reported preliminary Q2 operating profit of 89.4 trillion won ($59 billion), up more than 1,800% from 4.7 trillion won in the year-earlier period. Analysts had been looking for 85 trillion to 86 trillion won in operating profit. Samsung's revenue…
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