REFILE-UPDATE 2-LG Display warns of panel price weakness as wearables boost Q4 profit [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
LG Display warns of panel price weakness as wearables boost fourth-quarter profit | Reuters 3 Min Read SEOUL (Reuters) - South Korea’s LG Display Co Ltd on Wednesday warned of weaker panel prices in the year ahead due to global economic uncertainty and U.S.- China trade tensions, as it posted a jump in quarterly profit thanks to surging sales of wearable screens. The company said strong sales of high-end screens for smart watches helped improve profitability, even as overall sales fell due to weakness in the television segment. The surge in profit from wearable screens underlines the Apple Inc supplier’s ongoing efforts to focus on high value-added products to fend off declining prices for large panels due to aggressive output from Chinese rivals. “It seems hard to forecast a positive panel price trend for 2019,” Daniel Lee, head of LG Display’s Market Intelligence Division, told an earnings call, citing the U.S.-China trade war and panel oversupply. Operating profit for October-Decem
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News
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Sec Filings
- 4/1/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/22/24 - Form 6-K
- LPL's page on the SEC website