Streetbeat News

LPL

LG Display Co., Ltd.

https://www.lgdisplay.com

Industry

Consumer Electronics

LG Display Co., Ltd. engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays. The company also provides display panels for industrial and other applications, including entertainment systems, portable navigation devices, and medical diagnostic equipment. It operates in South Korea, China, rest of Asia, the United States, Poland, and other European countries. The company was formerly known as LG.Philips LCD Co., Ltd. and changed its name to LG Display Co., Ltd. in March 2008. LG Display Co., Ltd. was incorporated in 1985 and is headquartered in Seoul, South Korea.

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Shares of companies within the broader tech sector are trading lower amid concerns over the US economy.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:34 pm

LG Display Co reported Q2 sales of $4.893 billion, surpassing the estimated $4.684 billion.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:24 am

Tech sector stocks are down due to market uncertainty and doubts about potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:38 pm

In Thursday's intraday session, several information technology stocks experienced significant movements. Prairie Operating (PROP) led the gainers with a 25.8% increase, while Akoustis Technologies (AKTS) saw the largest decline among the losers, dropping 26.2%. Xerox Holdings (XRX) and LG Display Co (LPL) both released their Q4 earnings, with XRX shares rising 13.32% and LPL shares falling 11.64%. Market capitalizations were also highlighted for each company, with XRX at $2.2 billion and LPL at $3.4 billion.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 5:31 pm

In Thursday's pre-market session, several IT stocks showed significant movement. Cyngn, Castellum, Digital Ally, COMSovereign Holding, BTCS, and Dave experienced gains, with Cyngn leading at a 25.8% increase. Conversely, Akoustis Technologies, CompoSecure, Phunware, LG Display Co, FOXO Technologies, and Infobird Co saw their shares fall, with Akoustis Technologies dropping by 30.1%. LG Display Co's decline followed their Q4 earnings release, while FOXO Technologies' drop came after their Q3 earnings were announced four days ago.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 1:05 pm

IBM shares surged over 7% in pre-market trading after reporting Q4 revenue of $17.38 billion, surpassing estimates of $17.3 billion, driven by hybrid cloud and AI adoption. Adjusted earnings were $3.87 per share, beating the $3.78 estimate. Other stocks showed pre-market movements, with notable gainers including C3is Inc., Charge Enterprises, and Acutus Medical, and losers such as Akoustis Technologies and Tesla, which reported disappointing earnings.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 12:50 pm

Tesla, Inc. (TSLA) reported Q4 earnings with revenue of $25.17 billion and EPS of 71 cents, missing consensus estimates of $25.62 billion and 74 cents per share, respectively. Pre-market trading saw TSLA shares drop 7.8%. Other stocks also moved lower in pre-market trading, including CCC Intelligent Solutions Holdings Inc. (CCCS), Columbia Banking System, Inc. (COLB), Digital World Acquisition Corp. (DWAC), Hexcel Corporation (HXL), LG Display Co., Ltd. (LPL), Rumble Inc. (RUM), Nano Dimension Ltd. (NNDM), Foot Locker, Inc. (FL), and Hertz Global Holdings, Inc. (HTZ), following various negative triggers such as weak financial results and secondary offering pricing.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 10:52 am

LG Display Co, Ltd (NYSE:LPL) reported a surprising profit turnaround in Q4 FY23 with a 1% revenue growth to KRW 7.4 trillion, driven by increased OLED panel shipments. The company returned to profitability after seven quarters, with OLED products contributing 57% to revenues. Gross margin improved to 11.7%, and operating income reached KRW 132 billion, a significant recovery from the previous year's loss. Net income was KRW 51 billion, and EBITDA surged 509% Y/Y. LG Display supplies screens for Apple Inc's (NASDAQ:AAPL) new Vision Pro headset and is expected to increase LCD panel supply to Samsung Electronics (OTC:SSNLF). The company plans to reduce 2024 investment to KRW 2 trillion to enhance financial stability. LPL shares rose 4.44% to $5.17.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 12:30 pm

Earnings reports for January 24, 2024, are scheduled for a wide range of companies across various industries. The reports include a mix of expected profits and losses, with key players like Freeport-McMoRan, General Dynamics, ASML Holding, and Tesla among those reporting. Investors will be closely watching these earnings releases to gauge company performance and sector health.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 10:11 am

LG Display reported a 1% year-over-year increase in Q4 revenue to KRW 7.396 trillion, with a net income of KRW 51 billion, recovering from a net loss of KRW 2.094 trillion in the same quarter the previous year. The revenue growth was attributed to a 55% quarter-on-quarter increase due to higher panel shipments for OLED mobile devices, TVs, and IT products.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:34 am

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