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LG Electronics estimates first quarterly operating loss in six years
Source : Yahoo!
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06/01/2017 01:56
By Se Young Lee SEOUL (Reuters) - South Korea's LG Electronics Inc estimated on Friday it fell to its first quarterly operating loss in six years in October-December, a drop that analysts pinned on continued mobile losses and seasonally weaker appliances sales. The world's second-biggest television maker behind Samsung Electronics Co Ltd said it likely swung to a 35 billion won ($29.36 million) loss for the fourth quarter, its first since a bigger loss in the fourth quarter of 2010. The result would compare with a Thomson Reuters StarMine SmartEstimate of 98 billion won in profit derived from a survey of 21 analysts.
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