LG Display posts 3rd consecutive quarterly loss on weak panel demand

LG DISPLAY

26/01/2023 22:48

SEOUL, Jan 27 (Reuters) - South Korean display panel
maker LG Display  034220.KS  posted on Friday its third
consecutive quarterly loss, as global demand for electronic
gadgets such as smartphones, computers and televisions remain
depressed amid an uncertain economic outlook.
    The Apple Inc  AAPL.O  supplier posted a 876 billion won 
($711.13 million) operating loss for the October-December
quarter, compared with a profit of 476 billion won in the same
period a year earlier. 
    It missed an average forecast of a 797 billion won loss from
10 analysts polled by Refinitiv SmartEstimate, which is weighted
toward analysts that are more consistently accurate. 
($1 = 1,231.8400 won)
 (Reporting by Joyce Lee)
 ((joyce.lee@tr.com;))