Samsung’s profit rises beating estimates after broader biz offsets AI gloom

Samsung Electronics Co.’s quarterly profit beat estimates, reflecting how other parts of the Korean tech leader’s sprawling business are helping offset a struggling semiconductor operation.

South Korea’s largest company reported net income of 9.78 trillion won ($7.1 billion) in the September quarter, compared with analysts’ average estimate of 9.14 trillion won. That was despite a one-time drag from performance bonuses, the Suwon-based company said on Thursday.