Investing.com - LG Display reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
LG Display announced earnings per share of 0.0221 on revenue of 5.11B. Analysts polled by Investing.com anticipated EPS of 0.0554 on revenue of 5.65B.
LG Display shares are down 37.03% from the beginning of the year and are trading at 6.36 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
LG Display shares lost 5.85% in intra-day trade following the report.
LG Display follows other major Information Technology sector earnings this month
LG Display's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of 2.22 on revenue of 49.36B, compared to forecasts EPS of 2.19 on revenue of 49.01B.
Taiwan Semiconductor had beat expectations on Thursday, April 14, 2022 with first quarter EPS of 1.35 on revenue of 16.94B, compared to forecast for EPS of 1.27 on revenue of 16.73B.
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