Samsung Q3 Profit Surges 91%

Samsung Electronics Co

reported a 91% rise in its third-quarter profit. Samsung's quarterly earnings surged to 6.56 trillion won ($6 billion), from 3.44 trillion won, in the year-ago quarter. Its revenue climbed 26% to 52.2 trillion won, from 41.3 trillion. Samsung shares closed at $1,250.00 yesterday.