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Samsung's Q3 Profits Expand As Memory Market Tailwinds Help Mask Note 7 Impact

Samsung Electronics published a stronger-than-expected set of preliminary Q3 results last week, indicating that its operating profits likely rose 5.5% year-over-year to about 7.8 trillion Korean won ($7 billion), while revenues likely declined 5% to about 49 trillion won ($44.2 billion). Although the company didn’t provide additional color on the numbers, it’s possible that profitability was aided by stronger memory prices and display shipments, which helped to more than offset the initial impact of the Galaxy Note 7 recall process. Revenues were likely hurt by currency headwinds, as the Korean won was up by roughly 5% year-over-year versus the U.S. dollar over Q3. Below we outline some of the key factors that possibly drove the firm’s performance over the last quarter.
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The Holiday Inn owner issued a cash return as it reported a 1.8 per cent rise in revenue per room in 2016. It sent the share price soaring to 4029p although it dropped back to 3879p.
Verizon had agreed to buy the internet firm for £3.6bn in July. But at the end of last year Yahoo revealed hackers had attacked it in 2013, stealing email addresses, passwords and dates of birth.
Sales in the three months to December 31 fell 2.9 per cent excluding fuel, handing Asda its tenth consecutive quarterly decline.
City minister Simon Kirby last night insisted he could not express a view on Frankfurt-based Deutsche Boerse's bid to seize control of the 216-year-old institution.
Grocery chain Wal-Mart Stores was the highest riser as trading began, climbing 3 per cent as the group reported strong online sales over the Christmas period.
The boss of HSBC has been forced to take a bonus cut over money laundering failings at the bank. Stuart Gulliver took home £5.7million last year, down from £7.4million in 2015.
Shares soared when the market opened as profit climbed 19 per cent to £63m. Revenue in the six months to December 31 was up 3 per cent to £1.3bn.
Tim Steiner, a former Goldman banker, will be given the cash if Ocado hits targets by 2020. He started Ocado in 2000 after quitting his New York job after eight years.
BHP Billiton and Anglo American both announced a return to profit, less than two weeks after Rio Tinto doubled its dividend after doing the same.
Russia's sanctioned banks get a credit upgrade, but Washington-Moscow relations don't look to be in reset mode.
Brazilian private equity powerhouse 3G Capital, Pershing Square's Bill Ackman and Warren Buffett have made about $14 billion on the revival of Burger King.
Brazilian private equity powerhouse 3G Capital, Pershing Square's Bill Ackman and Warren Buffett have made about $14 billion on the revival of Burger King.
A major court ruling underscores that what to do with Fannie Mae and Freddie Mac is a political question.
De Beers has seen a significant improvement in business revenues and profits in 2016
John Stumpf won't be the only person to lose his job over the phony account scandal that rocked Wells Fargo's reputation: four senior managers have also been fired in connection to the fraudulent sale
There has been increasing speculation regarding a merger between Sprint and T-Mobile since the U.S. Presidential election, given the possibility of a more conducive regulatory environment for telecom
The government currently holds 74.41%
With stocks set to cross a record 96 mn tonnes, duty will help ensure payment of MSP to farmers
Electrical and lighting division shows a lot of potential
Core performance supported by prices; concerns remain
Rise 9-17%, fuelling hope Chandrasekaran's elevation could amount to a game changer
The index had gained 506.02 points in the previous three sessions
Gilead Sciences’s approach to the biotech deals market involves more than just waiting.
Traders, investors & regulators can glean several insights
While claims ratio is an important number, look at complaints, other parameters before choosing a policy
Interview with chief economist and investment strategist at Asianomics
The FTSE 100 index continued to be in the red, falling 5.6 points to 7,294.26.
As many as 3,800 bags arrived for sale on Tuesday of this 1,200 bags are new Mysore Eight Variety turmeric, said R K V Ravishankar, a trader.At the Erode Turmeric Merchants Association Sales yard the
The pepper markets gained on Tuesday as sellers have slowed down at a time when more buyers were seen looking for high bulk density, high-range pepper, market sources told BusinessLine. Industry b...
The Zinc futures contract on the Multi Commodity Exchange (MCX) has been volatile in the past week. The contract tumbled over 3 per cent to recorded a low of ?186.45 on Friday. However, the contract
Crude Palm Oil (CPO) price, which was surging since last November, is under pressure. The CPO futures contract price on the Bursa Malaysia Derivatives Exchange had been stuck in a sideways range be..
• Nifty 50 Futures (8910) COMMENT: Initiate fresh long positions with a fixed stop-loss only if the contract advances above 8940 levels • HDFC Bank (?1412) COMMENT: Initiate short ...
Former Bulgari CEO, Francesco Trapani, is among those who will join Tiffany & Co as independent board members. Michael J. Kowalski plans to step down as board chairman.
The stock of Voltas gained almost 4 per cent with above-average volume breaking out of a key resistance level at around ?350 on Tuesday. This provides a good buying opportunity for short-term trader.

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