Future Tech
LG Display's Q3 loss is larger than expected on falling demand
SEOUL -South Korean flat-screen maker LG Display 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 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.
- Reuters
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
