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LG Display 4Q15 Results +3
LG Display has reported results for the fourth quarter of 2015:
Revenue of $6.3b is in-line.
Operating profit of 7 cents per ADR, misses by 18 cents.
Shares are up a little under 5% in Korean trading. These results support what I've been saying about LGD's scale and technology allowing it to out-compete the rest of the market. Nonetheless, this quarter and probably the next is where Apple weakness, along with general oversupply in LCDs, is really showing up in the form of YoY and QoQ declines across pretty much all financial metrics. I look for improvement as supply contracts expire over the course of 2016 and LG Display transitions more production to AMOLED.
the operating profit line was corrected at 11:30 27-Jan-16