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Samsung cuts Q3 sales, profit guidance

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Staff Writer | October 12, 2016
Samsung Electronics announced its revised earnings guidance for the third quarter of 2016.
Samsung Electronics   The Galaxy Note 7 problems
Samsung stopped sales, exchanges and production of the Galaxy Note 7. The company now expects:

- Consolidated Sales: Approximately 47 trillion Korean won
- Consolidated Operating Profit: Approximately 5.2 trillion Korean won
-Ÿ Sales: 46 ~ 48 trillion Korean won
-Ÿ Operating Profit: 5.1 ~ 5.3 trillion Korean won

Samsung previouly announced consolidated sales of approximately 49 trillion Korean won and consolidated operating profitof approximately 7.8 trillion Korean won.