|Day's Range||66,300.00 - 67,800.00|
|52 Week Range||44,700.00 - 88,900.00|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Marketing costs for the new G6 tinted an otherwise strong quarter for LG Electronics.
LG Electronics Inc on Thursday said continued losses in its mobile unit limited growth in second-quarter profit to 13.6 percent, as the firm prepares to release a handset in the third quarter that it hopes will turn the tide. The South Korean firm said operating profit reached 664 billion won ($597 million) in April-June, in line with its estimate earlier in July. Revenue rose 3.9 percent to 14.6 trillion won, also in line with its estimate.
LG's mobile business is in a sticky patch after the company admitted its flagship LG G6 smartphone hasn't sold as well as expected.LG Electronics itself posted a business-wide operating income of KRW 664.1 billion (USD 588.2 million) on overall revenue KRW 14.55 trillion (USD 12.89 billion). While LG's operating income rose by 14 percent...