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LG Electronics tips fourth-quarter profit of about $344 million vs year-ago period's loss

Reuters  |  SEOUL 

SEOUL (Reuters) - South Korea's LG Electronics Inc said on Monday it likely made a fourth-quarter operating profit, compared to an operating loss a year earlier but falling short of market expectations.LG, in a regulatory filing, estimated its October-December profit to be 367 billion won ($343.60 million) versus a Thomson Reuters StarMine SmartEstimate of 485 billion won from a poll of 14 analysts, and compared to a 35.2 billion won operating loss in the same quarter in 2016. Revenue likely rose 14.8 percent to 17 trillion won, compared to the 16.3 trillion won SmartEstimate. The firm did ...

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First Published: Mon, January 08 2018. 11:45 IST
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