LG Elec sees lower profit as mobile business stays in red, shares slip

SEOUL: LG Electronics Inc's operating profit likely fell by a smaller-than-expected 19 percent in the first quarter, even as losses in its mobile business and rising competition in the television segment pushed its revenue down to below consensus.

That compares with an average estimate of 808 billion won from 21 analysts polled by Refinitiv I/B/E/S. LG did not disclose further details of first-quarter operations and will announce full results in late April.Analysts said LG's longtime loss-generating smartphone business, in the red for seven quarters, and intensifying price competition in the global TV market likely weighed on earnings.

Analysts also have a dim view of LG's smartphone business and expect it to continue generating losses.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

LG sees lower profit as mobile business stays in red, shares slipSouth Korea's LG Electronics Inc said on Friday its operating profit for the three months ended March likely fell 19 percent from a year earlier, ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

LG sees lower profit as mobile business stays in red, shares slipSouth Korea's LG Electronics Inc said on Friday its operating profit for the three months ended March likely fell 19 percent from a year earlier, ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

Huawei urges US to drop 'loser's attitude' as carrier business revenue slipsChina's Huawei Technologies called on Washington to drop the 'loser's attitude' and once again rubbished U.S. allegations its gear could be used ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »