LG Display’s Q3 loss is larger than expected on falling demand By Reuters
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© Reuters. FILE PHOTO: People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi NiesnerSEOUL (Reuters) -South Korean flat-screen maker LG Display (NYSE:) Co Ltd posted on Wednesday its second consecutive quarterly loss, as soaring inflation and a gloomy economic outlook dealt a further blow to lacklustre demand for TVs and smartphones.
The Apple Inc (NASDAQ:) supplier posted an operating loss of 759 billion won ($532.13 million) for the quarter from July to September, compared with a profit of 529 billion won in the year-earlier period.
It missed an average forecast of a loss of 474 billion won from 12 analysts polled by Refinitiv SmartEstimate.
($1=1,426.3300 won)
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© Reuters. FILE PHOTO: People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi NiesnerSEOUL (Reuters) -South Korean flat-screen maker LG Display (NYSE:) Co Ltd posted on Wednesday its second consecutive quarterly loss, as soaring inflation and a gloomy economic outlook dealt a further blow to lacklustre demand for TVs and smartphones.
The Apple Inc (NASDAQ:) supplier posted an operating loss of 759 billion won ($532.13 million) for the quarter from July to September, compared with a profit of 529 billion won in the year-earlier period.
It missed an average forecast of a loss of 474 billion won from 12 analysts polled by Refinitiv SmartEstimate.
($1=1,426.3300 won)
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