Thursday, October 20, 2011

LG Display posts worse Rumors.

SEOUL, Oct 20 (Reuters) - Flat-screen maker LG Display posted a wider-than-expected four times a year ruin on Thursday, as warmish need for TVs and PCs hit panel prices and one-off losses weighed. The South Korean company, which vies with refuge opponent Samsung Electronics Co for the crop standing in LCD smooth screens globally, said its July-September operating failure was 492 billion won ($434.6 million ) , versus an commonplace prediction of a 196.5 billion won wasting in a get by Thomson Reuters I/B/E/S.



That signal its fourth consecutive every three months forfeiture and compared with an operating collapse of 48 billion won in the former mercifulness and an operating make a killing of 182 billion won a year ago. LG Display is a tone panel supplier for Apple Inc's commonplace iPad and iPhone. Apple on Tuesday reported trimonthly results that missed expectations for the in front fix in years, blaming rumors of the unheard of iPhone for hurting requirement in the September quarter.






Shares in the panel maker ended down 0.22 percent before the results, in a wider customer base that was down 2.74 percent.

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