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Monday, 18 April 2011 - LG Display posts quarterly loss on tumbling LCD price |
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    Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Texas seeks more help as wildfires burn Austin homes 12:57am EDT Death toll at 43 as tornadoes and storms rake South | 1:31am EDT Palin returns with feisty, anti-establishment speech 16 Apr 2011 Congress will raise debt limit: Geithner 17 Apr 2011 Analysis: Google's Page and Wall Street: Who needs who? 17 Apr 2011 Discussed 83 Obama to lay out deficit plan with focus on tax, spending 82 White House warns on debt limit, says Obama regrets vote 74 UPDATE 1-Geithner says Congress will pass debt limit increase Watched Cupless bra combats cleavage crinkle Fri, Apr 15 2011 South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Deadly tornadoes pound southern U.S. Sun, Apr 17 2011 LG Display posts quarterly loss on tumbling LCD price Tweet Share this SEOUL (Reuters) - South Korea's LG Display, the world's No.2 LCD flat screen maker, posted its second consecutive quarterly loss on Monday, hit by tumbling panel prices and fragile demand from television and computer makers. LG Display, which... Email Print Related News BofA profit drops as foreclosure delays hurt bank Fri, Apr 15 2011 Cost surge under new Google CEO unnerves Street Thu, Apr 14 2011 Nikkei edges higher; Isuzu soars on VW acquisition report Thu, Apr 14 2011 JPMorgan making fewer loans but profit still surges Wed, Apr 13 2011 Cheil to acquire polarizer firm Ace Digitech in $265 mln deal Wed, Apr 13 2011 Analysis & Opinion What to expect from the IMF, World Bank meetings Outspoken South Korean singer taps populace sentiment Related Topics Technology » Stocks     SEOUL | Mon Apr 18, 2011 2:18am EDT SEOUL (Reuters) - South Korea's LG Display, the world's No.2 LCD flat screen maker, posted its second consecutive quarterly loss on Monday, hit by tumbling panel prices and fragile demand from television and computer makers. LG Display, which competes with sector leader Samsung Electronics Co, Japan's Sharp Corp and Taiwan's Chimei Innolux, said January-March operating loss was 239 billion Korean won ($219.7 million), worse than a consensus forecast of a 123 billion won loss polled by Thomson Reuters I/B/E/S. But the result was broadly in line with StarMine's SmartEstimates, which places more weight on recent forecasts by top-rated analysts and expected a downside surprise of 92 percent to 235 billion won in the first-quarter operating loss. Panel makers are reducing production, led by Sharp after last month's powerful earthquake in Japan, but demand growth from television and computer makers continues to remain too weak to absorb even reduced supplies and keep pressuring both panel prices and volume shipments. Shares in LG Display have dropped 9 percent so far this year, lagging a 4 percent gain in the wider market, which has hit a record high this month. ($1 = 1,088.00 Korean Won) (Reporting by Miyoung Kim; Editing by Dhara Ranasinghe) Technology Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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