LG Electronics Projects Quarterly Profit Drop, Missing Consensus
LG Electronics forecast a decline in third-quarter operating profit partly due to increased logistics and marketing expenses, disappointing market expectations for profit growth.
LG Electronics reports decline in third-quarter operating profits
South Korean tech giant LG Electronics has announced preliminary results for the third quarter, reporting consolidated revenue of 22.17 trillion Korean won ($16.5 billion) and an operating profit of 751.
LG Electronics' Operating Earnings Down 21 Pc Due To Increased Costs
The operating profit was 22.5 per cent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. LG Electronics said in a statement that the weak bottom line is attributable to a hike in maritime transportation fees and marketing costs amid intensifying competition.
LG Electronics Expects Third-Quarter Operating Profit to Fall
It is due to release its full quarterly earnings later this month.Its shares recently traded 4.2% lower.Write to Kwanwoo Jun at [email protected]
LG Electronics estimates Q3 profit at $557 million, down 21%
LG Electronics on Tuesday estimated its third-quarter operating profit at 751.1 billion won ($556.9 million), down 20.9 percent from a year earlier.
LG Electronics Preliminary Q3 Operating Profit Declines YoY - Quick Facts
LG Electronics (LG) reported preliminary third quarter consolidated revenue of 22.17 trillion Korean won and an operating profit of
LG Electronics Projects Profit Drop, Missing Consensus -- 2nd Update
LG Electronics forecast a decline in third-quarter operating profit partly due to increased logistics and marketing expenses, disappointing market expectations for profit growth. The South Korean consumer electronics giant said Tuesday that it continues to face challenges from rising raw-material prices and shipping costs amid higher maritime freight rates for the second half of 2024,
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