LG Electronics says third-quarter profit likely fell 3.7 percent vs year earlier

LG Electronics says third-quarter profit likely fell 3.7 percent vs year earlier
 

South Korea's LG Electronics Inc said on Friday its third-quarter operating profit likely fell 3.7 percent from a year earlier.
LG, the world's second-largest television maker behind domestic rival Samsung Electronics Co Ltd, said in a brief regulatory filing it expects July-September operating profit to be 283 billion won ($253.54 million). That beat a Thomson Reuters StarMine SmartEstimate of 274 billion won from a poll of 10 analysts.
Revenue for the period fell 5.8 percent to 13.2 trillion won, compared with a Thomson Reuters StarMine SmartEstimate of 13.6 trillion won.
The firm did not... read more

 
7 October 2016 in Business, Views: 45
Source: Reuters
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