{"id":1676920,"date":"2022-10-06T19:50:08","date_gmt":"2022-10-06T23:50:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1676920"},"modified":"2022-10-06T19:50:40","modified_gmt":"2022-10-06T23:50:40","slug":"samsung-electronics-q3-profit-likely-fell-32-as-demand-slumped-in-downturn","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/samsung-electronics-q3-profit-likely-fell-32-as-demand-slumped-in-downturn\/","title":{"rendered":"Samsung Electronics Q3 profit likely fell 32% as demand slumped in downturn"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsamsung-electronics-q3-profit-likely-fell-32-as-demand-slumped-in-downturn%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1676920&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>SEOUL (Reuters) \u2013     Samsung Electronics Co Ltd reported a likely 32% drop in quarterly operating earnings on Friday as demand for electronic devices, and the memory chips that power them, shrank due to an economic downturn. <\/p>\n<p>The world\u2019s largest memory-chip and smartphone maker estimated its profit fell to 10.8 trillion won ($7.67 billion) in July-September \u2013 its first year-on-year decline in nearly three years \u2013 from 15.8 trillion won a year earlier. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The profit fell short of an 11.8 trillion won SmartEstimate from Refinitiv. <\/p>\n<p>Revenue likely rose 3% from the same period a year earlier to 76 trillion won, Samsung said in a short preliminary earnings release. <\/p>\n<p>Samsung is due to release detailed earnings on October 27. <\/p>\n<p>($1 = 1,407.6400 won)<\/p>\n<p> (Reporting by Joyce Lee and Heekyong Yang; Editing by Muralikumar Anantharaman and Richard Pullin)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/samsung-electronics-q3-profit\/attachment\/file-photo-the-logo-of-samsung-electronics-is-seen-at-3\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9515Q-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9515Q-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL (Reuters) \u2013 Samsung Electronics Co Ltd reported a likely 32% drop in quarterly operating earnings on Friday as demand for electronic devices, and the memory chips that power them,<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1676920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1676920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1676920"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1676920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1676920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1676920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1676920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}