High panel prices lift South Korea's LG Display to third-quarter profit [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
High panel prices lift South Korea's LG Display to third-quarter profit | Reuters 2 Min Read SEOUL (Reuters) - Higher panel prices ahead of the year-end holidays propelled South Korea’s LG Display Co Ltd ( 034220.KS ) to a third-quarter profit, although analysts doubt the good times will last. The Apple Inc ( AAPL.O ) supplier posted operating profit of 140 billion won ($123.2 million) on Wednesday, beating an average forecast of 79 billion won from 10 analysts, according to a Refinitiv poll. Revenue for the July-September quarter rose 9 percent from a quarter earlier to 6.1 trillion won. The Organic Light-Emitting Diode (OLED) TV panel business turned to profit in the third quarter, supported by sales volume growth. The firm did not disclose the size of the profit. It was LG Display’s first quarterly profit this year but analysts said the turnaround may not last as screen prices would likely decline again after the holiday selling season. According to data provider WitsView, part
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- LG Display Co., Ltd. (NYSE: LPL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- LG Display Co., Ltd. (NYSE: LPL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- LG Surprisingly Turns To VA Panels For Premium 2024 LCD TVs - With Spectacular Results [Forbes]Forbes
- Global Flexible Display Market Size To Exceed USD 296.14 Billion By 2033 | CAGR Of 33.8% [Yahoo! Finance]Yahoo! Finance
LPL
Sec Filings
- 3/22/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/14/24 - Form 6-K
- LPL's page on the SEC website