LG Electronics Projects Quarterly Profit Drop, Missing Consensus
LG Electronics forecast a decline in third-quarter operating profit partly due to increased logistics and marketing expenses, disappointing market expectations for profit growth.
LG Electronics' Operating Earnings Down 21 Pc Due To Increased Costs
The operating profit was 22.5 per cent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. LG Electronics said in a statement that the weak bottom line is attributable to a hike in maritime transportation fees and marketing costs amid intensifying competition.
LG Electronics Preliminary Q3 Operating Profit Declines YoY - Quick Facts
LG Electronics (LG) reported preliminary third quarter consolidated revenue of 22.17 trillion Korean won and an operating profit of
LG Electronics Expects Third-Quarter Operating Profit to Fall
It is due to release its full quarterly earnings later this month.Its shares recently traded 4.2% lower.Write to Kwanwoo Jun at Kwanwoo.Jun@wsj.com
LG Electronics Q3 operating earnings down 20.9% due to increased costs
LG Electronics Inc. on Tuesday estimated its third-quarter operating profit sank 20.9 percent from a year earlier, missing market expectations, due to increased logistics and marketing costs.
LG Electronics Projects Profit Drop, Missing Consensus -- 2nd Update
LG Electronics expects its operating profit for the quarter ended September to come in at 751.10 billion won, equivalent to $558.1 million, down 21% from a year earlier. That figure missed a FactSet-compiled consensus estimate of 1.024 trillion won.
LG Electronics reports decline in third-quarter operating profits
South Korean tech giant LG Electronics has announced preliminary results for the third quarter, reporting consolidated revenue of 22.17 trillion Korean won ($16.5 billion) and an operating profit of 751.
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