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LG Electronics to announce earnings guidance on July 8
By Korea HeraldPublished : July 4, 2016 - 10:46
[THE INVESTOR] LG Electronics is expected to announce its second-quarter earnings guidance on July 8.
Local analysts estimate the company’s operating profit to stand at about 594.7 billion won (US$517 million).
The Korean tech giant started releasing its quarterly earnings guidance since the first quarter this year.
Analyst say that despite the lukewarm sales of its flagship smartphone G5, the company’s robust TV and appliance sales could make up for the operating loss of its mobile business division.
The mobile division last week announced a structural revamp to pour more resources into more lucrative premium smartphones. LG is expected to suffer more than 100 billion won in operating loss in its smartphone business.
By Lee Ji-yoon (jylee@heraldcorp.com)
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