Samsung Q3 net beats forecasts

Yahoo: Samsung Electronics gave a bullish fourth-quarter outlook after delivering a forecast-beating 16 percent rise in third-quarter net profit, boosted by gains from its overseas plants and its flat screen joint venture with Japan’s Sony. But its operating profit fell 13 percent as margins in its mainstay businesses — chips, flat screens and mobile phones — slipped from a year ago, despite improvement in performance from the previous quarter.

Samsung, the world’s top memory chip maker and third largest mobile phone producer, lifted its 2006 capital spending plan by 11 percent due to strong chip demand expected in 2007 and forecast another record handset sales in the fourth quarter.

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