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Samsung Electronics shares jumped after it said its fourth quarter operating profit likely rose 26 percent as coronavirus pandemic-driven remote working and TV-watching fuelled sales of chips and display panels.
Samsung Electronics Co Ltd said on Friday its fourth quarter operating profit likely rose 26per cent as coronavirus pandemic driven remote working ...
Samsung’s predicted number was was mostly in line with analysts estimate of 9.1 trillion won, according to Refinitiv SmartEstimate.
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Samsung Electronics shares rose as much as 8.6 per cent in afternoon trade to a record high, compared to a 3.9 per cent rise in the wider market, due to an earlier-than-expected rebound in memory chip prices
Samsung Electronics Co Ltd shares jumped on Friday after it said its fourth quarter operating profit likely rose 26% as coronavirus pandemic driven remote working and TV-watching fuelled sales of chips and display panels.