LG Display posts record $711m operating loss in Q4 - Nikkei Asia

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Nikkei Asia 2 mo ago

LG Display posts record $711m operating loss in Q4 - Nikkei Asia - Nikkei Asia

Quick Summary:

It missed an average forecast of a 797 billion won loss from 10 analysts polled by Refinitiv SmartEstimate, which is weighted toward analysts that are more consistently accurate.

Analysts said the company is also reducing LCD panel production in China, and adjusting factory utilization rates for its flagship OLED panels for TVs.

The display maker has offered voluntary leave of absence for a small number of domestic office workers as well as some production personnel.