In its earnings preview, Samsung put its July-September operating profit at 14.5 trillion won ($12.8 billion), compared with 5.2 trillion won ($4.6 billion) a year earlier. That was slightly higher than the 14.3 trillion won forecast by analysts polled by Bloomberg and marked a new record for the company, which reported a 14.1 trillion won operating profit in the second quarter. The guidance, released today ahead of full earnings later this month, did not provide specific divisional results.
Both shipments and prices of the company's main products - DRAM and NAND memory chips - have been increasing over the past several months, he said.
Revenue likely rose 29.7 percent from a year earlier to 62 trillion won, versus the analysts' average forecast of 62.1 trillion won.
Samsung has been seeking to move past a bribery scandal that saw the company's de-facto head Lee Jae-Yong thrown into jail, and to overcome a damaging recall previous year of its flagship Galaxy Note 7 smartphone over exploding batteries.
Its information and mobile sector is estimated to have brought in three trillion won operating profit and the display business one trillion won.
Analysts said the better-than-expected performance for the mobile arm is attributable to the market's positive reaction to the Galaxy Note 8 flagship, while the refurbished edition of the Galaxy Note 7, dubbed the Galaxy Note FE, sold out in South Korea, shipping 400,000 units.
The operating profit was broadly in line with market consensus.
Mirae Asset Daewoo Securities added the consumer electronics division will experience growth on the back of strong seasonal demand.
Analysts forecast Samsung's 2017 net income almost doubled from 2016 and say the best is yet to come.
His ailing father Lee Kun-hee has been hospitalized since 2014, and is now unable to participate in the company's management.