|Day's range||75,100.00 - 76,400.00|
|52-week range||56,200.00 - 86,000.00|
|PE ratio (TTM)||N/A|
|Earnings date||14 Aug 2017 - 18 Aug 2017|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
LG Electronics Inc on Thursday said continued losses in its mobile unit limited growth in second-quarter profit to 13.6 percent, as the firm prepares to release a handset in the third quarter that it hopes will turn the tide. The South Korean firm said operating profit reached 664 billion won ($597 million) in April-June, in line with its estimate earlier in July. Revenue rose 3.9 percent to 14.6 trillion won, also in line with its estimate.
South Korea's LG Electronics Inc estimated that its second-quarter operating profit rose 14 percent from a year ago, but fell short of expectations as the mobile division's struggles likely continued. LG, the world's No.2 television maker by sales behind Samsung Electronics Co Ltd, reported a preliminary April-June profit of 664 billion won ($574.49 million), versus a Thomson Reuters StarMine SmartEstimate of 755 billion won from a poll of 18 analysts. "It's likely that the mobile division's losses were well over 100 billion won, while profitability for both the television and appliances businesses were a bit weaker than what we had anticipated," Dongbu Securities analyst S.R. Kwon said.
Rating Action: Moody's revises outlook on LG Electronics' Baa3 rating to stable from negative. Global Credit Research- 26 Jun 2017. Hong Kong, June 26, 2017-- Moody's Investors Service has changed LG Electronics ...