LG Display posts 5th consecutive quarterly loss

LG DISPLAY

26/07/2023 05:36

SEOUL, July 26 (Reuters) - South Korea's LG Display
 034220.KS  on Wednesday posted its fifth consecutive quarterly
loss as poor demand for mobile display panels was compounded by
continued weakness in premium TV demand in its key market
Europe. 
        The Apple  AAPL.O  supplier posted an 881 billion won
($689 million) operating loss for the April-June quarter versus
a 488 billion won loss a year earlier. 
    The result was in line with a forecast of an 889 billion won
loss from 16 analysts polled by Refinitiv SmartEstimate,
weighted toward analysts that are more consistently accurate. 
    
    

 (Reporting by Joyce Lee and Ju-min Park; Editing by Tom Hogue)
 ((joyce.lee@tr.com;))