LG Display fourth-quarter profit slumps on falling panel prices [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
LG Display fourth-quarter profit slumps on falling panel prices | Reuters 3 Min Read SEOUL (Reuters) - South Korea’s LG Display Co Ltd, the world’s biggest maker of LCD panels for TVs, said its fourth-quarter operating profit plunged 95 percent from a year earlier, hurt by falling panel prices and investment in its OLED business. The Apple supplier’s result, also hit by an unfavorable exchange rate, was its weakest in nearly two years and came in well below market expectations as it continues to expand its organic light-emitting diode (OLED) division. “Although short-term earnings might be impacted by liquid crystal display (LCD) panel prices, the share price will be driven by the firm’s progress in the OLED business,” said Park Sung-soon, analyst at Baro Investment & Securities. “There are multiple production lines planned over this year and 2019, so large-scale investments into OLED are expected to continue for the foreseeable future,” Park added. The Apple supplier’s operating prof
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News
- LG Display returns to quarterly loss on drop in off-season demand [Yahoo! Finance]Yahoo! Finance
- LG Display returns to quarterly loss on drop in off-season demand [Reuters]Reuters
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and Resolution [Yahoo! Finance]Yahoo! Finance
- LG Display to Mass Produce World's First Gaming OLED Panel With Switchable Refresh Rate and ResolutionPR Newswire
- LG Display: Consider Potential Results Miss And Favorable Developments [Seeking Alpha]Seeking Alpha
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Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- LPL's page on the SEC website