Samsung Expects 7% Sales Decline, 5% Operating Profit Increase for Q3

Samsung Electronics expects to report a 7 percent Q3 sales decline to about 49 trillion won ($43.8 billion) when it releases results Oct. 27, the company said in a Friday announcement. Operating profit is expected to rise 5 percent to 7.8 trillion won ($7 billion), the company said. The Oct. 27 quarterly earnings report will be first since the Sept. 15 recall of the Galaxy Note7 (see 1609150069).