LG Electronics foresees quarterly losses

LG Electronics foresees quarterly losses

By: James Ansher | Where To Trade | On:Friday, 06 January 2017
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   LG Electronics declared on Friday that a quarterly operation loss for October to December is most certain a possibility. 
Analysts say that this loss happened due to weak sales in appliances in this season and prolonged mobile losses.

  LG Electronics is the biggest television producer in the world after Samsung Electronics, and declared that they will manage to reverse the loss and transform it into a win of 29.36 million dollars for the forth quarter. 

  The loss is considered o be the first large deficit since 2010, and it will be confirmed by the Thomson Reuters StarMine Smart Estimate, an analysis of 21 analysts. So far, only three analysts say that the LG Electronic's quarter has this deficit.

  LG Electronics declared that it's very likely to have a future increase of 1.5%. Other details about company's income were not revealed. 
Details about the company's performance will be revealed in a document that will appear at the end of January.

 

James Ansher

James Ansher

When there is a will there is a trade

A successful Forex trader and expert advisor

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