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Lg Display Second-Quarter Profit Beats Expectations, Shares Rebound


Ron Burgundy
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An employee works in front of LG Electronics' organic light-emitting diode (OLED) TV sets, which are made with LG Display flat screens, at its store in SeoulSEOUL (Reuters) - South Korea's LG Display Co Ltd said on Thursday that operating profit for the April-June quarter nearly tripled from a year earlier, beating expectations on panel sales for large-sized televisions and mobile products. LG Display, which supplies panels to Apple Inc and sister firm LG Electronics Inc , said profit for the second quarter was 488 billion won ($419.73 million), compared with 163 billion won a year earlier and an average forecast of 469 billion won in a Thomson Reuters I/B/E/S survey of 31 analysts. ...




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