South Korea's LG Display posts third-quarter operating loss, misses analyst estimates

South Korea's LG Display posts third-quarter operating loss, misses analyst estimates
FILE PHOTO: An employee of LG Display walks at the company's main office building in Seoul, August 29, 2011. REUTERS/Truth Leem/File Photo Copyright Truth Leem(Reuters)
Copyright Truth Leem(Reuters)
By Reuters
Share this articleComments
Share this articleClose Button

SEOUL (Reuters) - South Korea's LG Display Co Ltd <034220.KS> reported a third-quarter operating loss on Wednesday, missing analyst estimates, following a drop in liquid crystal display (LCD) panel prices.

The Apple Inc <AAPL.O> supplier posted a loss of 437 billion won ($372.84 million) for July-September, versus a profit of from 140 billion won in the same period a year earlier.

The result - the third consecutive on-quarter loss - compared with analysts' forecast for a loss of 322 billion won, according to Refinitiv SmartEstimate based on the estimates of 22 analysts.

Revenue fell 5% to 5.8 trillion won, LG Display said in a stock exchange filing.

($1 = 1,172.0800 won)

(Reporting by Heekyong Yang, Ju-min Park and Hyunjoo Jin; Editing by Christopher Cushing and Himani Sarkar)

Share this articleComments

You might also like