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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
 "LG Display's posts larger than expected loss in Q3 on falling demand")
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.
($1=1,426.3300 won)
(Reporting by Joyce Lee & Heekyong Yang; Editing by Jacqueline Wong and Clarence Fernandez)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Oct 26 2022 | 11:42 AM IST
