LG Display Profit Misses Estimates on Stalling Apple Sales
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LG Display Co., the world’s second-largest flat-panel maker, posted first-quarter profit that missed analyst estimates on falling sales of smaller displays to Apple Inc. and a weaker currency.
Net income was 3.49 billion won ($3.1 million) in the three months ended March 31, compared with a 129 billion-won loss a year earlier, the Seoul-based company said in a statement today. The average of 25 analyst estimates compiled by Bloomberg was for profit of 76 billion won.