When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SSNLF - LG Display Will Be Hard-Pressed To Go On A Sustainable Run With COVID-19 Around
Samsung Electronics Co Ltd
LG Display (LPL) released its Q2 quarterly report on July 23rd. The company posted another loss, which was not surprising with COVID-19 around. But, despite the bad numbers, LG is optimistic that its performance will improve and trend upwards. However, there may be some ups and downs along the way. Why will be explained next.
Q2 2020 quarterly earnings
Q2 revenue decreased by 1% YoY to KRW5,307B, which is roughly equivalent to $4.41B. EBITDA fell by 10% YoY to KRW413B or $343.4M, leading to a net loss of KRW504B or $419.1M. Q2 marks the sixth