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Apple supplier LG Display posts fourth quarterly loss in a row – Source Reuters Tech News

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

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