LG Electronics Q4 profit doubles
Tuesday, 28 January 2014
SEOUL, Jan 27 (Reuters): LG Electronics Inc beat analyst estimates by doubling its fourth-quarter profit, as heavy promotional activity in the US's Black Friday shopping season lifted TV sales, offsetting a small loss at its mobile arm.
Operating profit totalled 238 billion won (US$220 million) in October-December, the world's second-biggest TV maker after Samsung Electronics Co Ltd said in a statement on Monday.
That compared with the 223 billion won estimate of 35 analysts polled by Thomson Reuters I/B/E/S, as well as the 117 billion won of a year earlier and 218 billion won of July-September.