Huawei Technologies Co. Ltd.

Samsung 3Q operating profit surges, shares jump 9 percent

Samsung Electronics announced a forecast-beating profit for the third quarter Wednesday, sending its share price up nearly 9 percent, but analysts said strong component sales and favorable currency exchange rates masked persistent weakness in its smartphone business. The South Korean company estimated that its operating profit for the July-September quarter was 7.3 trillion won ($6.3 billion), up 80 percent from a year earlier and higher than analyst forecasts. Sales rose 7 percent to 51 trillion won ($43.9 billion) for the quarter. Samsung will announce its overall net profit and earnings for each of its business divisions later this month. Shares of Samsung Electronics closed up 8.7...