Samsung Electronics today reported preliminary Q3 results that were short of Street expectations.
The company said it had sales in the quarter of 40 trillion won – about $35.9 billion – with operating income of 4.8 trillion won – about $4.3 billion. Bloomberg notes that the Street consensus was for profits of 5.03 trillion won.
The disappointing results are the latest signs that demand for technology products in the latest quarter was not as robust as investors had hoped.
In Korean trading, Samsung shares fell 23,000 won, or 2.9%, to 77,000.
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