- LG Display (LPL +0.3%) warns Q4 profit will fail to match Q3 highs due to falling TV panel prices.
- CFO James Jeong: "Given weak profitability that TV manufacturers are having right now, it'll be difficult to expect panel prices to rebound any time soon, but their rate of decline is likely to slow down." To counter the trend, LG Display is focusing on bigger-ticket items like ultra high-definition panels.
- TV displays represented 44% of revenue in Q3, down from 47% in the previous year. Mobile displays drove revenue in Q3 and composed 25% of sales from 24% in the previous year.
LG Display warns on Q4 profit amid TV panel price slump
Oct 17 2013, 10:55 ET