The cut is fallout from the recall nightmare surrounding its scrapped Galaxy Note 7 smartphone.
Samsung will disclose its full results including earnings and divisional breakdowns later this month.
Seoul: Samsung Electronics on Wednesday slashed its third-quarter profit estimate by 33.3 per cent, citing fallout from the recall nightmare surrounding its scrapped Galaxy Note 7 smartphone.
The South Korean electronics giant filed a revised operating profit estimate of 5.2 trillion won ($4.6 billion), compared to the 7.8 trillion won it announced just last week.
The company also slashed its third-quarter sales estimate by four per cent to 47 trillion won from 49 trillion won.
( Source : AFP )
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