LG 1Q17 earnings estimated to beat street predictions
The Yonhap news agency reports that it has captured a record ₩922 billion or about $810 million in operating profit for the first three calendar months of 2017, an 82 percent improvement from last year’s figure. Sales were up 9.7 percent to ₩14.6 trillion, another record amount. A Yonhap average estimate from 20 brokerage firms predicted earnings in the lower ₩600 billion range.
As the V20 continued to trail into new markets throughout the quarter, LG was also busy putting promotions into its LG Signature series of home electronics that range from TVs, refrigerators and washing machines. Of all the TV sales it will make this year, 15 percent of them are expected to be OLED panels.