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Samsung Q3 2016 earnings guidance will be announced on October 7

Samsung had a record-breaking Q2 this year aided by the stellar performance of the Galaxy S7 series. The company was hoping to continue that momentum in Q3 with the Galaxy Note 7 but it all went south when battery cell defects in its new flagship were confirmed and Samsung had to halt sales and issue a recall. The financial impact of the Galaxy Note 7 debacle will be truly unveiled when Samsung.
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