LG Display Could Post 3Q Earnings Miss

Dow Jones
Yesterday

0443 GMT - LG Display's 3Q earnings could miss market expectations, Kiwoom Securities' Kwon Min-kyu says. The South Korean display-panel maker is facing input-cost pressure from rising semiconductor prices amid tight chip supply, the analyst writes in a note. Higher prices for some finished goods that use chips could also weaken demand, as manufacturers pass on higher costs to customers, Kwon notes. The company, like other Korean exporters, is also exposed to the impact on earnings from the won's recent sharp gains against the dollar, he adds. Kiwoom expects LG's operating profit to fall 40% from a year earlier to 257.2 billion won in 3Q, below market consensus forecast of 429.1 billion won.

 

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