Stock Track | LG Display Plummets 5.05% Intraday on Q4 Earnings Miss and Revenue Decline

Stock Track

01/28

LG Display's stock plummeted 5.05% during intraday trading on Wednesday, following the release of its fourth-quarter financial results.

The display maker reported a quarterly loss per ADS of $0.24, missing analyst estimates of $0.17. While the company narrowed its net loss compared to the previous year, revenue of $4.969 billion fell short of the $4.970 billion consensus estimate and decreased year-over-year.

Adding to investor concerns, LG Display indicated that it expects customers to pressure for price cuts due to memory chip price increases, potentially impacting future profitability despite the company's current assessment of limited immediate impact.

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