Samsung's third-quarter profit estimate exceeds expectations on smartphone sales
Tuesday, 8 October 2019 Samsung Electronics flagged slightly better than expected third quarter profit on Tuesday, helped by strong sales of its new Galaxy Note 10 smartphone series even as a slump in its memory chip business continued to weigh on earnings.
Strong shipments of Galaxy Note 10 smartphones are limiting forecast profit falls at Samsung Electronics, raising hopes it is getting back on a growth track after years of moribund sales. Julian Satterthwaite reports.
The narrative for the second half of 2019 for Kraft-Heinz has been that growth will get worse before it gets better for the embattled packaged foods conglomerate. Well, the stock rose 7.02% to $30.50..