LG Display Third Quarter 2024 Earnings: Misses Expectations

LG Display (KRX:034220) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₩6.82t (up 43% from 3Q 2023).
• Net loss: ₩355.2b (loss narrowed by 51% from 3Q 2023).
• ₩710 loss per share (improved from ₩2,012 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

LG Display Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in South Korea.

Performance of the South Korean Electronic industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for LG Display that we have uncovered.

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