LG Display posts sixth straight quarterly loss (updated)

LG DISPLAY

25/10/2023 05:44

(Adds revenue, second-quarter comparison; paragraphs 4,5)
       SEOUL, Oct 25 (Reuters) - South Korean flatscreen maker
LG Display  034220.KS  posted on Wednesday its sixth consecutive
quarterly loss, hit by continued weakness in premium TV demand.
    The Apple  AAPL.O  supplier posted an operating loss of 662
billion won ($491.11 million) for the July-September quarter
versus a loss of 759 billion won a year earlier. 
    The result was slightly worse than a forecast loss of 610
billion won from 15 analysts polled by LSEG SmartEstimate,
weighted toward analysts who are more consistently accurate. 
    But the figure narrowed losses from the second quarter's 881
billion won. 
    Revenue fell 29% from a year earlier, to 4.8 trillion won. 
($1=1,347.9600 won)

 (Reporting by Joyce Lee and Heekyong Yang; Editing by Clarence
Fernandez)
 ((joyce.lee@tr.com;))