MobileNews

LG’s Q2 2021 earnings guidance point to record revenue

LG published its Q2 guidance and it looks great. The company posted its highest ever revenue and unsurprinsgly bested the lockdown-interrupted second quarter of 2020 by around 48.4%.

LG's preliminary Q2 2021 earnings hit record high

Operating profit for the period stood at KRW 1.1 trillion (~$967 million), a 65.5% increase year-over-year while the revenue is estimated at KRW 17.1 trillion (~$15 billion). It’s important to note that since LG has shut down its mobile business, it will be excluded from the Q2 reports and will be treated as an operating loss.

The actual earnings report will be posted by the end of this month, giving us the full breakdown of the company’s divisions.


Author: Ro
Source: GSMArena

Related posts
AI & RoboticsNews

What enterprise leaders can learn from LinkedIn’s success with AI agents

AI & RoboticsNews

Walmart cracks enterprise AI at scale: Thousands of use cases, one framework

AI & RoboticsNews

Nvidia’s ‘AI Factory’ narrative faces reality check as inference wars expose 70% margins

CryptoNews

Binance Founder Declares 0.1 Bitcoin the Future American Dream

Sign up for our Newsletter and
stay informed!