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Higher OLED-related research and development costs and slow smartphone sales forced LG Display (LPL) to issue an earnings warning. With valuations that are not compelling and weakening business activity ahead, why would any investor want to consider this company? Shares fell 11.7% and traded recently at $8.42, which is still around 25% above its 52-week low.
Earnings Warning
LG said that it expects a bigger loss and forecast weaker results for 2019. This is due to stalling smartphone sales and R&D costs related to the OLED unit. The poor timing of its heavy