FILE PHOTO: A man walks out of the headquarters of LG Display in Seoul, October 20, 2011. REUTERS/Jo Yong-Hak/File Photo
SEOUL (Reuters) – Apple supplier LG Display Co Ltd reported its fourth quarterly operating loss in a row on Friday, hit by lower liquid crystal display (LCD) panel prices and restructuring costs.
The South Korean company posted a loss of 422 billion won ($361.55 million) in the October-December quarter, compared with an operating profit of 279 billion won in the same period a year previous.
This was smaller than the analyst estimate of a 578 billion won loss, according to Refinitiv SmartEstimate based on the estimate of 19 analysts.
Revenue fell 8% to 6.4 trillion won, LG Display said in a regulatory filing.
Reporting by Heekyong Yang; Editing by Chris Reese
Source Reuters Tech News