LG Display's Q3 loss is larger than expected on falling demand (updated)

LG DISPLAY

26/10/2022 06:03

(Adds revenue)
       SEOUL, Oct 26 (Reuters) - South Korean flat-screen maker
LG Display Co Ltd  034220.KS  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  AAPL.O  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)
 ((joyce.lee@tr.com;))