|Bid||84,500.00 x 0|
|Ask||85,100.00 x 0|
|Day's Range||84,500.00 - 86,200.00|
|52 Week Range||60,400.00 - 96,500.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 14, 2018 - May 18, 2018|
|Forward Dividend & Yield||1,000.00 (1.47%)|
|1y Target Est||106,467.00|
LG Electronics Inc will raise prices of most of its washing machines in the United States, the South Korean company said on Wednesday, two days after the Trump administration slapped steep tariffs on imported large residential washing machines. The tariffs will affect most front- and top-load type washers, LG said in a letter to retailers, without mentioning the magnitude of the price hikes.
LG Display Co Ltd said it would begin making plastic organic light-emitting diode panels at a new line in South Korea in the third quarter, driving up its shares as investors cheered the clearer timeline for mass production of the small screens. This is a big step forward for LG that - despite being the world's top LCD maker for televisions and the leader in large OLED TV screens - continues to struggle to get a toehold in the market for OLED smartphone screens, where a unit of Samsung Electronics holds a 98 percent share. Operating profit for the Apple Inc (AAPL.O) supplier in the fourth quarter of 2017 slumped 95 percent to its lowest in about two years, amid falling liquid crystal display panel prices, high OLED investment and an unfavourable exchange rate.
LG Electronics Co Ltd said on Tuesday it is disappointed in the U.S. government's move to impose tariffs on its imported washing machines, calling it a "misguided decision". "This is a textbook case about how certain companies can game the process to use trade laws to try to accomplish what they can't accomplish in the marketplace," LG said in a statement, adding the decision hinders the ramp-up of LG's planned new plant in Tennessee and threatens new U.S. jobs. U.S. President Donald Trump slapped steep tariffs on imported washing machines and solar panels on Monday, marking his first moves to erect trade restrictions under seldom-used trade laws that allow unilateral actions.
South Korea's LG Display Co Ltd, the world's biggest maker of LCD panels for TVs, said its fourth-quarter operating profit plunged 95 percent from a year earlier, hurt by falling panel prices and investment in its OLED business. The Apple supplier's result, also hit by an unfavourable exchange rate, was its weakest in nearly two years and came in well below market expectations as it continues to expand its organic light-emitting diode (OLED) division. "Although short-term earnings might be impacted by liquid crystal display (LCD) panel prices, the share price will be driven by the firm's progress in the OLED business," said Park Sung-soon, analyst at Baro Investment & Securities.
South Korea's LG Electronics Inc estimated a fourth-quarter operating profit that fell short of market expectations, which analysts attributed to increased spending to expand market share in the home appliances business. Shares in LG Electronics fell as much as 6.8 percent after the guidance on Monday, before paring losses. LG, in a regulatory filing, said its October-December profit could be 367 billion won ($343.60 million) versus a Thomson Reuters StarMine SmartEstimate of 485 billion won from a poll of 14 analysts, and compared to a 35.2 billion won operating loss in the same quarter in 2016.
WASHINGTON/SEOUL (Reuters) - The U.S. International Trade Commission on Tuesday recommended tariffs to keep Samsung and LG from flooding the U.S. market with inexpensive washers, a step that would protect American appliance giant Whirlpool Corp (WHR.N). U.S. President Donald Trump is expected to make a decision on the recommendation by early next year. The ITC found last month that surging imports harmed domestic producers, although it did not find that washers made specifically in South Korea, already subject to anti-dumping duties, were responsible.
South Korea's LG Display Co Ltd booked an 80 percent surge in quarterly profits just ahead of expectations, helped by strong demand for its screens used in high-end TV sets as well as mobile devices ahead of the year-end holidays. The world's largest maker of liquid crystal displays (LCDs) also forecast shipments of screens would increase by "a mid-single digit percent" in the current quarter. Analysts have warned, however, that hefty investments into organic light-emitting diode (OLED) displays as well as some price declines for screens could begin to weigh on profits.
South Korea's LG Chem will open Europe's largest lithium-ion battery factory in Poland next year as the region's auto industry gears up to mass produce electric cars. Tumbling battery prices and growing pressure to cut exhaust emissions have led carmakers to embrace electric vehicles. Manufacturers from VW Group (VOWG_p.DE) to Volvo Cars, Daimler and BMW plan to roll out a raft of new electric models in coming years.
Rating Action: Moody's revises outlook on LG Electronics' Baa3 rating to stable from negative. Global Credit Research- 26 Jun 2017. Hong Kong, June 26, 2017-- Moody's Investors Service has changed LG Electronics ...
Whirlpool Corp, the world's largest maker of home appliances, said on Tuesday that Jeff Fettig will step down on Oct. 1 after 13 years as chief executive and will be replaced by the firm's current chief operating officer, Marc Bitzer. Whirlpool shares rose more than 0.7 percent in after-market trading following the news. Fettig, 60, has served as CEO since 2004 and will remain as chairman of the board of the Benton Harbor, Michigan-based company.