Samsung’s Profit Falls Again on Uneven Chip Demand Recovery – The Economic Times – Bangalore

A tax credit of 2.82 trillion won helped lift Samsung’s bottom line to nearly double what analysts had estimated. The company’s operating profit was 2.8 trillion won on sales of 67.8 trillion won, in line with preliminary figures revealed at the start of the month. Samsung client Advanced Micro Devices Inc. gave a weaker than-expected revenue forecast overnight, kindling concern about customers postponing purchases of PCs, servers and other IT equipment. Bloomberg