LG Display posts 4th consecutive quarterly loss on weak gadget demand

LG DISPLAY

26/04/2023 05:38

SEOUL, April 26 (Reuters) - South Korean display panel
maker LG Display  034220.KS  posted on Wednesday its fourth
consecutive quarterly loss, as global demand for electronic
devices such as computers and monitors remained depressed amid
an uncertain economic climate. 
    LG Display, an Apple Inc  AAPL.O  supplier, posted a 1.1
trillion won ($822.59 million) operating loss for the
January-March quarter, versus a profit of 38 billion won a year
earlier. 
    The result missed a forecast of 660 billion won loss from 18
analysts polled by Refinitiv SmartEstimate, weighted toward
analysts that are more consistently accurate. 
 ($1 = 1,337.2400 won)

 (Reporting by Joyce Lee; Editing by Himani Sarkar)
 ((joyce.lee@tr.com;))