LG Electronics Expected to Record First Quarterly Loss in Nine Years
Show original
By:格隆汇
Glonghui, January 9|South Korean consumer electronics giant LG Electronics is expected to record its first quarterly operating loss in nine years due to sluggish demand for home appliances, TVs, and other electronics amid intensified competition and multiple operational challenges. The company is also dealing with rising tariffs and increased restructuring costs. In its preliminary earnings report released on Friday, the company stated that operating losses for the period from October to December are estimated at 109.4 billion Korean won, approximately $75.3 million, compared to a profit of 135.4 billion Korean won in the same period last year. This will mark LG Electronics' first quarterly loss since the fourth quarter of 2016. The company's full-year operating profit for 2025 is expected to decline by 28% to 2.478 trillion Korean won. LG Electronics' stock price has fallen about 4% so far this year. The company plans to announce its full quarterly results later this month.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Carney’s Closer Ties With China Deepen Rift With US Amid Trump’s Tariff Policies
101 finance•2026/01/17 21:48
Fed transcripts show chair Powell pressed for forceful guidance on rates in 2020
Cointelegraph•2026/01/17 21:36
Metaplanet’s Gerovich, Bitmine’s Lee drum up corporate crypto holdings
Cointelegraph•2026/01/17 20:24
US penalties are having a significant impact on Russia
101 finance•2026/01/17 20:03
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$95,285.66
-0.16%
Ethereum
ETH
$3,309.02
+0.43%
Tether USDt
USDT
$0.9995
+0.00%
BNB
BNB
$951.18
+1.81%
XRP
XRP
$2.07
-0.42%
Solana
SOL
$144.36
-0.61%
USDC
USDC
$0.9998
-0.01%
TRON
TRX
$0.3183
+2.54%
Dogecoin
DOGE
$0.1385
+0.46%
Cardano
ADA
$0.3982
+0.33%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now