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LG Electronics Preliminary 4Q Results Show 14.8% Growth in Sales Y/Y
January 22, 2018
 
LG Electronics reported preliminary sales and operating income for the 4th quarter.  Sales were US$15.9b vs. US$14.26b in 3Q for an 11.4% Q/Q increase, with a 14.8% increase Y/Y vs. US$13.84b.  Operating income however was US$343.6m down 28.9% q/q but up Y/Y vs. a loss of US$33m.  Sales were 4% above consensus, but operating income was over 30% below consensus. No details other than sales and operating income are given until the formal 4Q report at the end of the month.  Excessive spending to promote LG’s appliance business is expected to account for the miss, while the TV business is expected to have met expectations.