Samsung Electronics shares up after it sees more profit hit from Note 7

SEOUL (Reuters) - Shares of Samsung Electronics Co Ltd <005930.KS> traded slightly higher on Friday morning after the South Korean electronics giant said it expected to take a greater profit hit from the demise of its fire-prone Galaxy Note 7 smartphones. Samsung shares were up 0.8 percent as of 0008 GMT, versus the wider market's <.KS11> 0.6 percent gain. Samsung said it expected to take a hit to its operating profit of about $3 billion over the next two quarters due to the discontinuation of the Note 7. (Reporting by Hyunjoo Jin; Editing by Stephen Coates)