07-10-2015 11:10 via uk.news.yahoo.com

Samsung Electronics tips better-than-expected third quarter profit, shares surge

By Se Young Lee SEOUL (Reuters) - Samsung Electronics Co Ltd forecast a sharp jump in quarterly profit, trumping expectations and sending its shares surging as favorable currency rates and robust component sales appeared have to offset weakness in smartphones. The extent of the expected quarterly profit gain, its first in two years, will do much to allay concerns that the South Korean tech giant's earnings would not be able shake off the loss of smartphone market share to Apple Inc in the premiu
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