LG Display Posts Third Loss on TV Demand, Missing Shipments
LG Display Co., the world’s second- largest maker of liquid-crystal displays, reported its third consecutive quarterly loss after television demand slowed and shipments of some products were delayed.
The net loss was 129.2 billion won ($113 million) in the three months ended in March, from a loss of 115.4 billion won a year ago, the Seoul-based company said in a statement today. That compares with a 124.6 billion-won loss average of 23 analysts’ estimates compiled by Bloomberg. Worldwide TV shipments fell last year for the first time since at least 2004