LG Display flags turnaround after sixth consecutive quarterly loss

LG Display flags turnaround after sixth consecutive quarterly loss

© Reuters. People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi Niesner) flagged a return to profit in the current quarter, after posting on Wednesday its sixth consecutive quarterly loss, hit by continued weakness in premium TV demand.

Mobile display panel orders are concentrated in the second half of the year, when panels for Apple's latest mobile products are produced before the holiday season. 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.Third-quarter revenue fell 29% from a year earlier, to 4.8 trillion won.

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