LG Display swings to Q3 profit, but earnings fall 42% on year

What happened: LG Display returned to an operating profit in the third quarter on stronger seasonal OLED demand, after a loss in the previous quarter. Key numbers: Operating profit 250.6 billion won ($189.3 million), versus a 107.7 billion won loss in the prior quarter and 431 billion won a year earlier, down 42 percent. Why it matters: A weaker won-dollar exchange rate and higher semiconductor component prices limited the profit improvement despite a larger share of high-value OLED products and cost-cutting. Lower mid-sized LCD shipments drove the year-on-year revenue decline. Coverage: 5 outlets in 24h

LG Display returned to an operating profit in the third quarter on stronger seasonal OLED demand, after a loss in the previous quarter.

A weaker won-dollar exchange rate and higher semiconductor component prices limited the profit improvement despite a larger share of high-value OLED products and cost-cutting. Lower mid-sized LCD shipments drove the year-on-year revenue decline.