File photo Bloomberg

File photo Bloomberg

LG Display posts worse-than-expected Q3 loss

LG Display posts worse-than-expected Q3 loss

Thursday, as tepid demand for TVs and PCs hit panel prices and one-off losses weighed.

The South Korean company, which vies with home rival Samsung Electronics Co for the top position in LCD flat screens globally, said its July-September operating loss was 492 billion won ($434 .6 million ) , versus an average forecast of a 196.5 billion won loss in a poll by Thomson Reuters I/B/E/S.

File photo Bloomberg

LG Display is a key panel supplier for Apple Inc’s popular iPad and iPhone. Apple on Tuesday reported quarterly results that missed expectations for the first time in years, blaming rumors of the new iPhone for hurting demand in the September quarter.

Shares in the panel maker ended down 0.22% before the results, in a wider market that was down 2.74 %.

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