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International Business Times

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Samsung Q3 Operating Profits Soar To $6.6 Bn, Miss Forecast

Samsung Memory South Korea Artificial Intelligence SK Hynix United States

South Korea's Samsung Electronics blamed "one-off costs" and a strong Korean won for a Q3 that saw operating profits fall short of expectations (Credit: AFP)

South Korea's Samsung Electronics said Thursday that its operating profits soared 277 percent on-year to $6.6 billion but missed expectations as it struggled to leverage demand for chips used in artificial intelligence servers.

The world's largest memory chip maker posted an operating profit of 9.18 trillion won ($6.6 billion) "largely due to one-off costs".

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