After Samsung's guidance miss, South Korea's LG warns profits likely fell 80 percent in fourth quarter

After Samsung's guidance miss, South Korea's LG warns profits likely fell 80 percent in fourth quarter

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2019/01/08/lg-electronics-q4-guidance-profits-likely-fell-80-percent.html

South Korea's LG Electronics said on Tuesday its fourth-quarter operating profit likely fell 80 percent from the same period a year earlier, far below analyst expectations.

The world's second-biggest television set maker behind compatriot Samsung Electronics estimated profit of 75.3 billion won ($67.03 million) for October-December last year. That would compare with the 387 billion won average of 11 analyst estimates in an I/B/E/S Refinitiv poll.