Investing.com - LG Display reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
LG Display announced earnings per share of 0.2095 on revenue of 7.35B. Analysts polled by Investing.com anticipated EPS of 0.4112 on revenue of 7.05B.
LG Display shares are down 13.95% from the beginning of the year and are trading at 8.08 , down-from-52-week-high.They are outperforming the Nasdaq which is down 14.65% from the start of the year.
LG Display follows other major Information Technology sector earnings this month
LG Display's report follows an earnings beat by Apple on Thursday, who reported EPS of 2.1 on revenue of 123.95B, compared to forecasts EPS of 1.89 on revenue of 118.68B.
Microsoft had beat expectations on Tuesday with second quarter EPS of 2.48 on revenue of 51.73B, compared to forecast for EPS of 2.31 on revenue of 50.65B.
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