South Korea’s LG Electronics Inc (066570.KS) said on Thursday its third-quarter operating earnings fell 37 percent from a year earlier, but still beat expectations as its TV business returned to profit after a second-quarter loss.

The world’s No.2 television maker behind Samsung Electronics Co Ltd (005930.KS) said the July-September profit was 294 billion won ($257.43 million), down from 465 billion won a year earlier. But that still beat a forecast of 266 billion won profit from Thomson Reuters SmartEstimate, derived from a poll of 29 analysts.

Revenue for the quarter fell 4.7 percent from a year earlier to 14 trillion won.

(Reporting by Se Young Lee; Editing by Kenneth Maxwell)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲