LG Electronics Q4'2018 Preliminary
January 14, 2019,
LG Electronics released preliminary 4Q 2018 guidance of 15.7t won ($13.8b US) in sales and operating profit of 73.3b won ($9.6b US), down Y/Y by 7.4% and 80.0%, respectively. LG Electronics’ smartphone sales were expected to be down and mixed OLED TV strong-OLED smartphones, weak-LCD TV weak-LCD smartphones results from LG Display and LGE’s TV business, although profitability was much weaker than expected.
Table 1: LGE Q418 vs. Q417 Performance