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Samsung Elec cuts Q3 operating profit guidance on Note 7 impact

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Reuters SEOUL
Last Updated : Oct 12 2016 | 1:42 PM IST

SEOUL (Reuters) - Samsung Electronics Co Ltd 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.

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.

($1 = 1,114.7500 won)

(Reporting by Se Young Lee; Editing by Lincoln Feast)

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First Published: Oct 12 2016 | 1:33 PM IST

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