Investing.com - Financial Markets Worldwide

LG Electronics guides for smaller-than-expected profit decline

Published 13/10/2025, 09:30
© Reuters
066570
1.57%

Investing.com -- LG Electronics projected a smaller-than-expected decline in quarterly operating profit, supported by strong performance from key affiliates despite challenging business conditions.

The South Korean consumer electronics giant said Monday its operating profit for the July-September period could reach 688.90 billion won ($481.9 million), down 8.4% from 751.90 billion won a year earlier.

The company’s shares rose over 2.5% following the announcement.

This projection exceeded the FactSet-compiled consensus estimate of 618.79 billion won.

Revenue is expected to have fallen 1.4% to 21.875 trillion won, also beating analysts’ forecasts.

LG Electronics (KS:066570) noted that while challenges persist from higher U.S. tariffs and delayed recovery in global demand, its home-appliance segment maintained market leadership and competitiveness.

The company’s vehicle-component segment achieved record profitability during the quarter.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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