SEOUL -South Korean display panel maker LG Display on Wednesday posted its fourth straight quarterly loss, trailing estimates, as global demand for devices like computers and monitors remained depressed amid an uncertain economic climate. LG Display, an Apple Inc supplier, posted a 1.1 trillion won ($822.59 million) operating loss for the January-March quarter, versus a profit of 38 billion won a year earlier. The result missed a forecast of a 660 billion won loss from 18 analysts polled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate.

Revenue slumped 32% to 4.4 trillion won, LG Display said.

Shares in LG Display widened losses, falling 4% after the results announcement, versus a 0.2% drop in the wider market.

  - Reuters