July 6, 2018 / 6:21 AM / a month ago

RPT-LG Electronics says Q2 profit likely rose 16.1 pct, misses estimates

(Repeats to chain to alerts)

SEOUL, July 6 (Reuters) - South Korea’s LG Electronics Inc on Friday said second-quarter operating profit likely rose 16.1 percent from the same period a year earlier, falling short of market expectations.

Analysts said higher marketing expenses for new products weighed on profit.

LG, in a regulatory filing, estimated April-June profit at 771 billion won ($691.79 million), compared with an 821 billion won average of 10 analyst estimates in a Thomson Reuters survey.

Revenue likely rose 3.2 percent to 15 trillion won from 14.6 trillion won from a year earlier.

The firm did not elaborate on its performance and will disclose detailed earnings in late July.

$1 = 1,114.5000 won Reporting by Heekyong Yang Editing by Christopher Cushing

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below