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Morning Briefing: 10 Things You Should Know


8. -- Samsung's operating profit hit another record high in the July-September quarter, likely driven by robust sales of its cheaper mid-range smartphones in developing countries.

The maker of Galaxy smartphones said Friday that its third-quarter operating income rose 25% from a year earlier to 10.1 trillion won ($9.4 billion). Analysts were expecting $9.3 billion.

Third-quarter sales at Samsung rose 13% to a record high 59 trillion won ($55 billion).

Samsung's full results will be announced later in October.


9. -- Potbelly's initial public offering of 7.5 million shares was priced at $14 a share, above expectations.

The sandwich maker has expected the offering to be priced at between $12 and $13 a share.

The stock is expected to begin trading Friday on Nasdaq under symbol "PBPB."


10. -- Forest Oil (FST - Get Report) said it will sell certain oil and gas assets in the Texas panhandle for $1 billion.

The stock fell 0.9% on Thursday to $6.35.


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.
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