South Korea's LG Display swings to third-quarter profit on seasonal price boost [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
South Korea's LG Display swings to third-quarter profit on seasonal price boost | Reuters 2 Min Read SEOUL (Reuters) - South Korea’s LG Display Co Ltd ( 034220.KS ) posted a 76 percent fall in third-quarter profit on Wednesday compared with a year earlier, after two quarters of consecutive losses, helped by higher seasonal panel prices. The Apple Inc ( AAPL.O ) supplier said operating profit was 140 billion won ($123.2 million) for the July-September quarter, beating an average forecast of 79 billion won from 10 analysts, according to a Refinitiv poll. Recovering Liquid-Crystal Display (LCD) prices ahead of the year-end holiday period boosted the bottom line but the firm said the trend was not expected to continue into the fourth quarter. Revenue fell 12 percent from a year 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.
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News
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- AR and VR Display Companies - Samsung Electronics (South Korea) and LG Display (South Korea) are the Key Players [Yahoo! Finance]Yahoo! Finance
- LG Display Co., Ltd. (NYSE: LPL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
LPL
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