Wed, Jan. 28, 9:25 AM
Jul. 23, 2014, 9:14 AM
Oct. 29, 2013, 7:00 PM
- Though sell-side commentary on Apple's (AAPL -2.3%) FQ4 numbers was largely positive, investors decided to take profits following a 26% rally from where shares traded going into July's market-pleasing FQ3 report.
- Canaccord's Mike Walkley joined the list of analysts praising Apple's numbers; he sees Apple "well-positioned" to exceed Street estimates, even though he expects "more aggressive" 5C pricing in 2014 to boost international sales. Meanwhile, Needham's Charlie Wolf gave a thumbs-up to Apple's decision to maintain premium pricing, rather than move downmarket to better compete against cheaper Android hardware.
- While the sell-side dissected Apple's numbers, Salesforce CEO Marc Benioff is predicting new retail chief/ex-Burberry CEO Angela Ahrendts will be Apple's next CEO. Benioff declares Ahrendts "the most important hire Tim Cook has ever made."
- Also: The Korea Herald reports LG Display (LPL) and Taiwan's RiTDisplay ar expected to supply flexible OLED panels for an iWatch. A month ago, a Korean site reported the iWatch will feature a flexible OLED, and that Apple is working on prototypes sporting 1.3", 1.4", and 1.5" displays.
- More on Apple
Apr. 22, 2013, 5:08 AMLG Display (LPL): Q1 net profit of 3.49B won ($3.1M) vs loss of 129B won a year earlier and vs consensus of 76B won. Sales +10% to 6.8T won. Operating profit -74% on quarter to 151B won, hurt by falling seasonal demand and weaker sales to Apple (AAPL), which accounts for a large part of LG's sales and is due to report its results tomorrow. Analyst Pak Yuak reckons that LG's panel sales for iPads rose 192% on year but that iPhone-screen sales dropped 33%. | 4 Comments
Feb. 28, 2013, 10:48 AMA short squeeze and positive sell-side notes help Universal Display (PANL +11.4%) shoot back above $30 following its mixed Q4 results. Cowen and Deutsche both think PANL's 2013 guidance is conservative, and the former sees Samsung's Galaxy S IV, OLED TV sales, and new licenses all acting as catalysts. On the earnings call, management noted LG Display (LPL) plans to spend 54% of its 2013 capex on OLED production, and that it's discussing "commercialization roadmaps" with partners for its encapsulation tech, which is seen as key to flexible OLEDs. | 2 Comments
Jan. 27, 2012, 5:05 PMLG Display (LPL +4.3%) closed higher after delivering an encouraging Q4 report. While LG's $129.3M operating loss was slightly below consensus, revenue of $589M was slightly better. More importantly, LG, which has struggled to cope with weak TV sales, says it sees display panel prices holding steady in Q1, and expects to turn profitable in Q2. iPhone, iPad, and 3D TV panel shipments are expected to give LG a boost. (transcript) | Comment!
Jan. 10, 2012, 10:31 AMTaiwanese display panel maker AU Optronics (AUO +8.7%), hit hard in 2011 by TV industry weakness, is rallying after reporting December sales of NT$27.7B ($925.2M). While the figure represents a 9.4% M/M and Y/Y drop, it was better than expected, and backs up positive comments made by AU's chairman in December. Rival LG Display (LPL +4.8%) is also up strongly. | Comment!
Jul. 27, 2011, 11:24 AMLCD panel maker AU Optronics (AUO) is down 4.5% after reporting Q2 revenue and EPS of $3.41B and -$0.42, below a consensus of $3.5B and -$0.31.The company also cut its 2011 capex forecast by 30% (a negative for AMAT), and forecast "low single digit" sequential panel shipment growth. Last week, rival LG Display (LPL) also gave subdued guidance. | Comment!
Jul. 21, 2011, 10:47 AMLG Display (LPL +2.2%) reports a $20.2M Q2 net profit - down 96% from last year, but ahead of the ($79.4M) consensus. The company doesn't see demand improving much until early 2012, given weak LCD TV sales, and is cutting its 2011 capex forecast by $948M - not good news for equipment makers such as Applied Materials (AMAT). (PR) | Comment!
LPL vs. ETF Alternatives
LG Display Co Ltd provides thin-film transistor liquid crystal display, or TFT-LCD, technology and other display panel technologies, including OLED technology. It manufactures TFT-LCD panels for use in televisions, notebook computers, and desktop.
Other News & PR