News Summary: LG Display returns to profit in 1Q

News Summary: LG Display returns to profit in 1Q, but iPhone, iPad orders slow

Associated Press

THE NUMBERS: LG Display Co. posted a first-quarter profit of 3.5 billion won ($3.1 million), compared with a loss of 129.2 billion won a year ago.

BEHIND THE NUMBERS: The South Korean panel maker's profit missed market forecasts, reflecting slower orders from its key client, Apple Inc. Analysts said LG Display probably sold fewer iPhone and iPad screens, outweighing increased panel sales to LG Electronics Inc., its biggest shareholder.

LOOKING FORWARD: LG said its panel shipments in the current period will tick up from the first three months of the year. Its results will depend on demand for TVs and Apple products.

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